IT managers doubt a recession lies ahead and are making no changes to department budgets, a survey of 100 UK IT managers has found.
Some 78% of UK IT managers did not identify any areas where they could make any savings, despite recent predictions by analyst firm Gartner that virtualisation, storage area networks and voice over IP projects would become the key strategic areas to optimise IT usage and realise savings.
The survey, carried out by storage supplier B2net, found that 98% of IT managers had not prepared contingency budgets and had no intention of doing so, saying their business could withstand a recession.
Only 2% had taken any action to cut operating expenditure. This could be explained by the fact that 64% said a recession was very unlikely in the next few years and, of the 14% who did say they thought a recession was likely, half said it would not happen until after 2010.
Bullish sentiments were also expressed about whether cutting IT costs would have a negative impact on service quality and product delivery, with 64% saying that the impact would be negligible.