The current economic crisis has many IT managers tightening their belts and preparing for sparse spending in the coming months, so says a recent study.
Yet a more upbeat assessment was offered by the Society for Information Management (SIM), which polled more than 300 IT executives about their plans for IT spending in 2009 and has just released results that showed 44 percent had planned for bigger budgets, while 43 percent intended to increase staffing. Three-quarters of those polled also expected to see IT staff salaries increase in 2009.
"Budget and headcount forecasts remained strong, despite the fact that economic conditions were weakening at the time the survey was taken," said Jerry Luftman, SIM vice president for academic affairs and Distinguished Professor and Associate Dean at the Stevens Institute, in a SIM press release.
The catch? The SIM survey was carried out in June.
A more recent tally from the CIO Executive Board revealed strikingly different spending plans. The late September survey of some 50 CIOs by the association for IT executives showed that more than half of those polled have put nonessential projects on hold and about one-fourth have decided to freeze IT hiring. And 61 percent of those surveyed admitted they were re-evaluating their 2009 budgets.
John Turner, director of network and systems at Brandeis University in Waltham, Massachusetts, says his IT budget has been directly impacted by the current economic crisis.
"Our operating expenditure budgets have been frozen and cut, and we currently have a hiring freeze in effect," Turner reports. "There is an obvious direct financial impact to our institution when there is this amount of uncertainty in the market."