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IT budgets still uncertain as CIOs weigh 2010 technology spending
This article is part of the April 2010 Volume 1 issue of CIO Decisions
On the face of it, 2010 will be even more challenging for Tom Gainer, CIO of First Bank Southwest, a regional bank based in Amarillo, Texas. Gainer's 2010 IT budget is about $150,000 less than last year's. Capital spending is down. A long-planned document imaging project has been shelved until 2011, and so has a server virtualization project. More IT strategy resources 2010 information technology plans will have smaller budgets Tactical decisions outweighed IT strategic planning for CIOs in 2009 "These two projects are huge and costly, and right now we can operate just fine without them," Gainer said in an email detailing his 2010 agenda. As many companies like First Bank are still hunkered down, IT remains in a difficult position in 2010. If the the economy begins to wake up, technology spending will increase—but if the recovery falters there will be flat or reduced IT budgets. In fact, Gartner Inc. and Forrester Research Inc. see IT budget growth quite differently based on their view of the economic recovery. While the ...
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News in this issue
One month into 2010, the IT budgets picture is still ambiguous, with two consultancies offering different outlooks and CIOs juggling between keeping costs low and making necessary upgrades.
Agile IT can be realized with IT services management best practices and project portfolio management, but IT leaders need to clean house first.
Enterprises are finding ways to use vendor contract management as a means to cut costs by renegotiating contracts down to the maintenance-clause and business-unit levels.
Doing more with less remains the mantra for CIOs as we dig into our IT Priorities Survey on technology spending. The big priorities? Mitigating risk. Essential upgrades. Cutting costs.