Reducing Budget and still be able to continue to innovate and deliver new business applications
According to Forrester Research about 63% of IT budgets are spent on keeping the business going. Many CIO’s that the figure should be far higher! I would say this means that 63% of IT budgets are spent on nothing more than trying to sustaining the business.
So hopefully the other 37% are spent on innovating, delivering new applications and helping the business to grow, succeed, be more competitive and so on.
So, what happens when the economy falls into recession? Well, according to recent research from CIO magazine 58% of CIO’s surveyed stated that their budgets have been reduced. The research also showed that CIO’s were cutting back spending on “new” business initiatives.
Read the rest of this entry June 3rd, 2009 0 commentss »
