IT budgets up, but salary cuts still a concern: study

24.10.2012
For IT leaders and their tech teams, it's business as usual. IT departments are still looking for ways to reduce costs, still trying to increase employee productivity, and still cautious about , according to the latest survey data from the Society for Information Management (SIM).

PAYDAY:

IT COMPENSATION:

While maintaining the status quo is the prevailing sentiment, one area that showed marked change in 2012 is IT spending. Companies funneled more of their revenue to the IT department this year than they did in 2011, SIM reports.

In 2012, the average IT budget was 4.94% of corporate revenue, up from 3.55% in 2011 (and a full percentage point higher than the average rate of 3.84% measured over the past eight years). Looking ahead to 2013, 46% of respondents expect IT budgets to grow, 32% expect them to stay the same, and 22% expect a decline.

SIM, which counts 3,500 CIOs and IT executives among its ranks, is hosting its annual conference, SIMposium, next week in Grapevine, Texas. Here are 12 tech trends the organization highlighted in its annual IT survey.