Smaller firms make fewer cuts in technology spending

Most small businesses are cautiously optimistic about their prospects and are making fewer cuts in technology investments than mid-market and large companies,...

Most small businesses are cautiously optimistic about their prospects and are making fewer cuts in technology investments than mid-market and large companies, a survey of IT professionals has revealed.

The survey, conducted among 450 IT professionals across industries in the US and UK, was a collaborative effort between Millward Brown, Research International, and Lightspeed Research using the opinions of LinkedIn members via the LinkedIn Research Network.

According to the research, IT professionals within larger companies are much more focused on short-term challenges, such as lowered budgets and reduced staff, while those in smaller organisations are more likely to report an increase in technology expenditure over the next 12 months (37%, compared with 26% for enterprise organisations).

Steve Ingledew, managing director for Millward Brown's North American technology practice, said, "These findings represent a silver lining for technology providers in what is proving to be a challenging time.

"Small companies are seemingly more resilient and optimistic regarding the future, whilst many larger companies are struggling to adapt within an environment of hiring and spending freezes and cutbacks."

Read more on IT for small and medium-sized enterprises (SME)

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