CIOs are split three ways on budget expectations


CIOs are split three ways on budget expectations

Karl Flinders

The economic downturn is creating industry uncertainty about the IT budgets for 2009.

According to soon to be published research carried out by CIO Connect among its FTSE 250 CIO members, CIOs are divided over the prospects fortheir budgets in 2009.

A third expect their IT budgets to rise, a third believe their budget will fall, and a third think budgets will stay the same next year.

Kevin White, content director at CIO Connect, the findings reflect the current economic outlook. "If there is one thing certain it is that it will be uncertain for a while," he added.

But he said the results are more positive than other recent surveys which, he claimed, have painted a negative picture of IT spending over the coming year.

"The third-third-third split is rather more positive than previous data released over the last week or two," he said.

Justin Speake, CEO at analyst Bloor Research, said he is not seeing any major cuts to budgets.

"There are a few major projects that might be slowed down, but apart from the finance sector which is being a bit tighter there is not much change from last year," he said.

But he added that IT departments have to work much harder to get approval for projects in the current climate.

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