To get funded, IT projects will need a high and fast ROI
- TAGS:budget, consolidation, green IT, IT spending, outsourcing, ROI, virtualization, Vista
- IT TOPICS:Data Center, Hardware, Management, Networking, Windows
In this sluggish economy, many CIOs are limiting their IT spending to projects with "a high and fast ROI," according to the latest report from Goldman Sachs analysts.
The July 7 report is based on a survey of 100 IT decision-makers in multinational, Fortune 1000 companies. "Demand for discretionary IT projects dropped to its lowest point in the history of our survey," it said. Cost-cutting is a high priority for CIOs these days.
Expect weak spending on IT services (outsourcing), hardware and networking equipment. Plus, CIOs still see little reason to upgrade to Vista. The bright spots include virtualization and server consolidation, the analysts found. (Sort of a back-door way to achieve greener IT.)
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Previous coverage:
Budget losers: Hardware, consultants, Vista, ERP
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