PRN: Thirty-Nine Percent of IT Pros Report an Increase in Their IT Budgets for 2012, According to New InformationWeek Reports Research

Thirty-Nine Percent of IT Pros Report an Increase in Their IT Budgets for 2012, According to New InformationWeek Reports Research

55% say this increase is between 1% and 9%

[31-May-2012]
SAN FRANCISCO, May 31, 2012 /PRNewswire/ — InformationWeek Reports (http://reports.informationweek.com), a service provider for peer-based IT research and analysis, released the 2012 IT Spending Priorities Survey, a new report featuring results from InformationWeek’s recent poll on IT projects and budgets. The report helps IT professionals identify funding strategies for technology initiatives and offers guidance in balancing IT and business priorities. More than 450 business technology professionals responded to the survey.

Research summary: The 453 respondents to InformationWeek’s 2012 IT Spending Priorities Survey identify improving security and increasing server virtualization as their top two projects for 2012, with enterprise social media dead last. This reveals an obvious focus on operational concerns, sometimes at the expense of embracing transformative technologies.

Findings:

  • 55% of our survey respondents have improving security on their IT project lists for 2012; 24% say it’s one of their top two initiatives this year.
  • Just 13% will launch or upgrade an enterprise social networking platform, with only 2% identifying it as one of their top priorities for 2012.
  • Across all 12 IT projects examined in the report, IT pros say the primary source of funding will be through new budget allocations versus savings or reassigning funds.
  • 39% say their IT budgets will increase this year, 43% expect them to remain unchanged and 12% face budget cuts.

The report author, Jonathan Feldman, serves as director of information technology services for a city in North Carolina.

For full access to the research data, members can download now: http://reports.informationweek.com/abstract/83/8816/IT-Business-Strategy/research-2012-it-spending-priorities-survey.html?cid=rpt_press_rls

“Even with IT budgets finally on the rise, IT professionals need to be realistic when it comes to budgeting and setting expectations,” says Lorna Garey, content director of InformationWeek Reports. “Spending big up front and overpromising long-term savings is seldom the recipe for project success.”

For more information:
Art Wittmann
VP & Managing Director, InformationWeek Reports
415-947-6361
awittmann

About InformationWeek Business Technology Network (http://www.informationweek.com)

The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow—from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties such as DarkReading.com (security), NetworkComputing.com (networking and communications) and BYTE (consumer technology). The network also provides focused content for key IT targets, such as CIOs, developers and SMBs, via InformationWeek Global CIO, Dr. Dobb’s and InformationWeek SMB, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy—IT professionals turn to our experts and communities to stay informed, get advice and research technologies t o make strategic business decisions.

About UBM TechWeb (http://www.ubmtechweb.com)

UBM TechWeb, the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its three core businesses—media solutions, marketing services and paid content—UBM TechWeb produces the most respected and consumed brands and media applications in the technology market. More than 14.5 million business and technology professionals (CIOs and IT managers, Web and digital professionals, software developers, government decision-makers and telecom providers) actively engage in UBM TechWeb’s communities and information resources monthly. UBM TechWeb brands include global face-to-face events such as Interop, Web 2.0, Black Hat and Enterprise Connect; award-winning online resources such as InformationWeek.com, Light Reading and Network Computing; and market-leading magazines InformationWeek, Wall Street & Technology and Advanced Trading. UBM TechWeb is part of UBM plc, a global pro vider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

SOURCE UBM TechWeb

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