December 29, 2006
CIOs to postpone investments in Office 2007 or Vista, poll says
By Staff
The majority of CIOs (63.6%) have no plans to invest in Office 2007 or Vista 2007 next year, according to to 121 responses from CIOs to the latest quarterly CIO Magazine Tech Poll.
Key focus categories of growth are computer hardware, storage and security. CIOs expect IT spending increases of 5.8% over the next 12 months, down from predictions of 6.5% in the previous quarter.
“Corporate profits growth is likely to slow next year after several years of higher-than-expected growth,” says Dr. Ed Yardeni, chief investment strategist for Oak Associates. “This outlook may explain why CIOs’ projected budgets were already relatively subdued in our December poll.”
“This forecasted decline in tech spending is in sync with other recent reports suggesting businesses will scale back capital spending in 2007,” says Gary Beach, Publisher of CIO magazine. “However, with nearly two-thirds of CIO respondents indicating plans to focus on either growth or innovation in 2007, the question for CIOs remains how to implement these agendas with budgets that are largely flat.”
The latest CIO Magazine Tech Poll opened on Thursday, December 7th, and closed on Thursday, December 14th. An invitation to respond to the poll was distributed via e-mail to a panel of more than 2,000 chief information officers and 3,000 randomly selected CIO readers who match the job function criteria “CIO.”
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