IT Budget Outlook 2011

See also 2011 IT Budget Forecast, Optimism at SIM Conference. The Society for Information Management (SIM) recently polled its roster of CIOs and IT managers to get a snapshot of this year's information technology spending priorities, and a glimpse into the crystal ball for 2011. Unsurprisingly, corporate tech leaders remain cautious as the economy keeps treading water. "The insights from the study confirm that the economic downturn is continuing to cause a significant shift in IT priorities," said Jerry Luftman, former SIM executive vice president and executive director of Graduate Information Systems Programs and distinguished professor of Information Systems at Stevens Institute of Technology, who has conducted this survey for the last 10 years. The ongoing stream of contradictory and often gloomy economic indicators has contributed to a split in company philosophies regarding IT investments; across the range of spending strategies, budgets that have increased, decreased, or stayed the same are split nearly evenly into thirds. A short version of the 2011 forecast: more of the same.