IT budgets to jump 2%, still not enough, says Gartner
IT budgets globally are due to grow by 2.2% next year, the largest jump in the last five years, according to Gartner's survey of nearly 3,000 CIOs globally. In the North America, the projection is 2.3%.
The budgets of IT departments have been flat to negative for the last five years, according to Gartner's data. This persists despite the ever-increasing importance of technology for creating new products; this is true for firms in all industries.
When asked whether a 2.2% budget increase in enough, Dave Aron, an analyst at Gartner, had but one word: "No."
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