Saturday, June 05, 2004

Tightwad tech spenders can't hold out much longer

In an Internet News article, Laura DiDio at Yankee Group points out that many companies have been putting off major IT expenditures since the late 1990s, when they were doing upgrades for 2K remediation. Now, many of these companies can't put off major investments much longer.
"In terms of IT spending, we really hit rock bottom last year, so our polls indicate an average increase of 7 percent to 8 percent over the next 12 to 18 months," DiDio said. "But some are ramping up spending as high as 25 percent; not because they want to, but because they have to. They simply can't afford to put off these major upgrades for much longer. Their infrastructure is porous, exposing them to security threats, and their hardware is just not adequate to support today's applications."
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