Study Pessimistic About Future Tech Spending
HAVERFORD, Penn.-A new national survey found a slight uptick in IT spending plans. But the analysis adds, "this
The Wendover-Global Insight IT Spending Index increased by a percentage point overall in August, but "confirmed
"The mild up-tick in the Index is less of an indication of overall breadth in spending and more of a reflection of
Wendover Corp. said its data is based on the133,000 surveys it conducts annually with IT decision-makers at 80,000
Among the findings:
* Although IT spending has been fairly volatile among the communications industries, the sharp increase in
* IT spending in finance, real estate, and insurance continues to stagnate. These industries have traditionally been
* An abrupt decline in the spending index for consulting, engineering and accounting services was recorded for August. Coupled with the continued decline in business services, another industry intensive in its use of IT, this provides more evidence of weak new IT spending over the next two quarters.