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March 2, 2007 2007 Enterprise IT Budget Outlook: EuropeBusiness Data Services Europeby Sonoko Takahashi, Thomas Mendel, Ph.D. with Ellen Daley, Chris Townsend, Daniel Krauss |
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This is an excerpt
Executive Summary
European enterprises have a more positive outlook about 2007 than in the previous two years. Despite the increased optimism, IT budgets show modest growth of just 0.7%. However, there will be more budget available for new investments, as well as for R&D and security. Three major themes for IT organizations are: upgrading the security environment; improving IT's efficiency; and curtailing IT services spending. Firms expect to increase their spending on software and hardware more than on IT services. Almost 40% of firms apply financial justifications to all projects that involve significant costs. To obtain approval and to make the business case, most firms look at return on investment and total cost of ownership.
TABLE OF CONTENTS
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European Enterprise IT Spending In 2007
- IT Budget Growth Will Be Small
- Increasing IT's Impact On Business Is Critical
- Software Spending Will Expand Most In 2007
- IT Services Spending Will Be Under Scrutiny
- Financial Justification Is A Must For Projects
- Using The Data
- Supplemental Material
This is an excerpt
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