Thirty-Nine Percent of IT Pros Report an Increase in Their IT Budgets for 2012, According to New InformationWeek Reports Research

SAN FRANCISCO, May 31, 2012 /PRNewswire/ -- InformationWeek Reports (http://reports.informationweek.com), a service provider for peer-based IT research and analysis, released the 2012 IT Spending Priorities Survey, a new report featuring results from InformationWeek's recent poll on IT projects and budgets. The report helps IT professionals identify funding strategies for technology initiatives and offers guidance in balancing IT and business priorities. More than 450 business technology professionals responded to the survey.

Research summary: The 453 respondents to InformationWeek's 2012 IT Spending Priorities Survey identify improving security and increasing server virtualization as their top two projects for 2012, with enterprise social media dead last. This reveals an obvious focus on operational concerns, sometimes at the expense of embracing transformative technologies.

Findings: 

• 55% of our survey respondents have improving security on their IT project lists for 2012; 24% say it's one of their top two initiatives this year.
• Just 13% will launch or upgrade an enterprise social networking platform, with only 2% identifying it as one of their top priorities for 2012.
• Across all 12 IT projects examined in the report, IT pros say the primary source of funding will be through new budget allocations versus savings or reassigning funds.
• 39% say their IT budgets will increase this year, 43% expect them to remain unchanged and 12% face budget cuts.

The report author, Jonathan Feldman, serves as director of information technology services for a city in North Carolina.

For full access to the research data, members can download now: http://reports.informationweek.com/abstract/83/8816/IT-Business-Strategy/research-2012-it-spending-priorities-survey.html?cid=rpt_press_rls

"Even with IT budgets finally on the rise, IT professionals need to be realistic when it comes to budgeting and setting expectations," says Lorna Garey, content director of InformationWeek Reports. "Spending big up front and overpromising long-term savings is seldom the recipe for project success."

For more information:
Art Wittmann    
VP & Managing Director, InformationWeek Reports
415-947-6361
[email protected]

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