Industry analyst Ovum has said that CIO confidence in their ability to predict IT spending has been shattered.
In the face of a global financial crisis, firms find inventive means to cut costs, emphasizing value over expenditure.
Tech sector poised for strong rebound in 2010, with global IT spending set to rise 8.1% to over $1.6 trillion, says Forrester Research.
Despite a dismal year for IT spending with a 5.2% global decline, Gartner predicts a rebound in 2010 with a 3.3% increase, reaching USD $3.3 trillion.
Despite vast investments, many companies poorly track IT assets, risking inaccurate budgets. SAM offers better control, security, and cost savings.
A new IDC survey found that 75% of surveyed CIOs in ANZ faced the economic downturn without cutting IT budget or staff, but still implemented cost savings.
