IT budgets to return to 2005 levels claims Gartner

If you are wondering whether CIOs are going to spend this year, then you ought to take a glance at the latest IT budgets report from Gartner. It claims that IT budgets for 2010 will return to levels last seen in 2005. Refreshing news indeed, especially considering the 2009 meltdown we all witnessed. That said could this be a ‘confidence trick’? By this I mean is this report just telling us what we want to hear rather than what is actually going to happen?

A closer inspection of the numbers and you will see a small rise of 1.3 per cent compared to 2009 budgets. Last year IT budgets fell by 8.1 per cent after four steady years of continued growth. Cloud computing and virtualisation will enable CIOs to refocus budgets, while actually saving money, which every CFO loves to hear.

2010 should see key decisions being made with potential investments in the cloud and virtualisation markets towards the end of the year. Expect 2011 to be the year of ‘implementation’, unless that is, the recovery dips into another mini recession.

One thing is evident – it’s going to be a tough year for business and CIO decision making. If you want to find out more about the Gartner report click this link:

Safe surfing folks!

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