CIOInsight Survey: Compliance Spending is Leveling Off

By Allan Alter  |  Posted 2006-06-07 Email Print this article Print
 
 
 
 
 
 
 

There are many signs that compliance-related spending will remain strong, even though it is shrinking as a percentage of the IT budget.

In previous CIO Insight studies on compliance and Sarbanes-Oxley, getting and staying compliant was seen as something to achieve in the future. But in our new survey, many more respondents say they have achieved full compliance with the regulations we've most closely tracked: the Sarbanes-Oxley Act, the health Insurance Portability and Accountability Act (HIPAA), the USA Patriot Act and Gramm-Leach Bliley Act.

But has compliance spending peaked? It's not yet clear. While there are some signs spending will soon begin to wane, other data suggests spending will increase at many companies. Compliance-related spending on IT auditing and consulting, and security and document management technologies seems especially strong.

Story Guide:

  • Finding 1: Many more companies report full compliance with recent regulations than did last year.
  • Finding 2: It's not yet clear whether compliance spending has peaked.
  • Finding 3: Compliance is driving spending on consulting, security and document management.

    Read our previous surveys on compliance:

  • Compliance 2005: Is Automating Compliance a Waste of Money?
  • Sarbanes-Oxley 2004: Are You Ready to Comply?

    Read the full story on eWEEK.com: CIOInsight Survey: Compliance Spending is Leveling Off



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    Executive Editor

    Allan Alter has been a specialist on information technology management, strategy and leadership for many years. Most recently, he was editor-in-chief and the director of new content development for the MIT Sloan Management Review. He has been a columnist and department editor at Computerworld, where he won three awards from the American Society of Business Press Editors. Previously he was a special projects editor, senior editor and senior writer for CIO magazine. Earlier, Alter was an associate editor for Mass High Tech. He has edited two books: The Squandered Computer: Evaluating the Business Alignment of Business Technologies and Redesigning the Firm.

     
     
     
     
     
     

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