Gartner and SoundView IT Spending Survey Points to 2004 Recovery, Led by Small and Midsize Businesses.Business Editors/High-Tech Writers STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 8, 2003 Survey of More Than 600 IT Executives Indicates Spending Priorities Will Return to More Traditional Patterns Technology executives are becoming more confident of an upturn in their capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. activities next year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. results of an extensive survey announced today by Gartner, Inc and SoundView Technology Group, Inc. The survey, conducted in late October and including responses from more than 600 IT decision-makers, indicated that small and midsize businesses will lead the IT spending recovery. The survey results show that IT spending confidence has improved substantially from a year ago and even measurably since last spring. "IT buyers indicate that their capital spending budgets will begin to grow again at a modest pace of 1.6 percent in 2004," said Arnie Berman, Technology Strategist for SoundView. "This survey also highlights that the prior 'stall mode' has finally begun to give way to 'controlled spending'. Controlled spending and a strict focus on return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) will remain the rule in 2004. For the largest companies, the budget outlook for 2004 appears to be flat to down." Brian Smith Brian Smith is the name of:
"Security, storage, wireless LANs, Linux and business intelligence software were ranked as the top priorities for IT spending in 2004," said John Jones, Enterprise Systems analyst for SoundView. The survey also showed that IT spending priorities are returning to more traditional patterns. "Software priorities are taking their usual precedence over hardware priorities," said Jim Mendelson, enterprise software analyst for SoundView Technology Group. "New project vs. infrastructure spending priorities are coming into equilibrium too -- after years of distortion in the mania and postmania periods." The annual survey was conducted in late October at Gartner Symposium/ITxpo in Lake Buena Vista, Fla. Gartner Symposium/ITxpo is the IT industry's largest and most strategic conference, providing more than 6,000 IT executives and industry officials with an insightful look at the future of IT. Additional information on this survey, as well as Gartner's recent worldwide IT spending projection, is available by contacting Gartner Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most at 408-468-8312. About SoundView SoundView Technology Group, Inc. (Nasdap:SNDV SNDV Strategic Nuclear Delivery Vehicles SNDV Sound Volume ) is the parent of SoundView Technology Corporation, a research-driven securities firm focused on providing institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. fundamental research on companies in technology, media, telecom, healthcare and other growth-related industries. Old Greenwich Old Greenwich is a neighborhood or section in the southeast corner of Greenwich in Fairfield County, Connecticut, United States. The Old Greenwich Railroad Station serves commuters in the neighborhood. , Conn.-based SoundView produces comprehensive sell-side equity research on approximately 210 companies. On November 19, 2003, SoundView announced an agreement to be acquired by The Charles Schwab Charles Schwab can refer to:
About Gartner Gartner, Inc. (NYSE NYSE See: New York Stock Exchange : IT and ITB ITB Invitation To Bid ITB In The Beginning ITB Internationale Tourismusbörse (German) ITB In The Business (aka in the business service industry) ITB Intrathecal Baclofen Therapy ) is a research and advisory firm that helps more than 10,000 clients leverage technology to achieve business success. Gartner's businesses are Research, Consulting, Measurement, Events and Executive Programs. Founded in 1979, Gartner is headquartered in Stamford, Conn., and has more than 3,800 associates, including approximately 1,000 research analysts and consultants, in more than 75 locations worldwide. Revenue for calendar year 2002 totaled $888 million. For more information, visit www.gartner.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion