IT | Security

IT Spending on the Rise

By: Absolute Team | 12/1/2008

In follow-up to our previous post about the economic impact to IT budgets for 2009, and the secondary budget about the budget impacting the education sector, a new study by the Computing Technology Industry Association indicates that IT spending in the UK will increase next year for small and medium sized businesses.

As with the Global State of Information Security report highlighted here, which shows that 44% of those surveyed would be increasing information security spending, this new study indicates that 51% of small and medium-sized businesses plan to increase their tech spending by 10% or more in the next 12 months. This growth in spending is lower than in the previous year, but the proportion of those decreasing or keeping flat their budgets is still low.

"In the past, tech spending might have been one of the first line items slashed in a tough economy. Today, SMBs are savvier because they rely on technology for an increasing amount of their core business operations. It's encouraging to see that the majority of SMBs plan to maintain, if not increase, current tech spending during this time of economic uncertainty." - Todd Thibodeaux, president and chief executive officer, CompTIA

Overall, SMBs continue to remain optimistic about business growth, despite the current economic instability in the UK and around the world.

Another very interesting article on CSO Online is encouraging colleges and universities to step up and include more IT security education for students planning on going into IT. And in terms of "stepping up", an article in the Vancouver Sun recently also talked about social media and how companies should take stock of what's being used and how to embrace it, rather than ignore or ban it (which, while also not effective, poses a security risk).

Via VNUNet