Good news, Bad News

The stats from the Society for Information Management's 2007 member survey are in, and they're not all pretty. On the upside: IT budget allocations are staying almost identical to 2006, and companies plan to hire more in the coming year. But on the downside: The number of companies planning to boost IT budgets in 2008 is decreasing sharply from this year. And IT spending has gone up one year and down the next since 2004, SIM reports, so the pattern is holding true.

What could explain the impending slip-slide? Continued cost cutting and worries about the economy may be playing in.

Overall, 2008 could be a downer for some CIOs, but for others, it looks like an opportunity to prove their financial mettle.