Good news, Bad News

By Brian P. Watson Print this article Print

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.

This article was originally published on 2007-10-30
Associate Editor

Brian joined Baseline in March 2006. In addition to previous stints at Inter@ctive Week and The Net Economy, he's written for The News-Press in Fort Myers, Fla., as well as The Sunday Tribune in Dublin, Ireland. Brian has a B.A. from Bucknell University and a master's degree from Northwestern University's Medill School of Journalism.

eWeek eWeek

Have the latest technology news and resources emailed to you everyday.