Survey: IT Confidence Index Shows GainsSurvey: IT Confidence Index Shows Gains

Business-technology executives' outlook on business overall--and IT in particular--is up over the past six months, according to the March information IT Confidence Index.

Chris Murphy, Editor, information

March 20, 2006

1 Min Read
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Hey, you look different--is that confidence you're wearing? Business technology executives' outlook on business overall--and IT in particular--is up over the past six months, according to the March information IT Confidence Index, a quarterly survey of 300 business technology execs, using questions about the economy, company prospects, and IT spending to gauge their outlook.

Here's what's most interesting: An upbeat view of IT spending is what has these executives tapping their toes.

The index is up 6% from December and 8% from September. However, it's down 6% from a year ago, largely because fewer execs feel good about the overall economy. Fifty-four percent have a positive view of the economy this month, compared with 64% a year ago. In both surveys, seven out of 10 like their own companies' prospects.

However, the view this month of IT is much brighter than it was a year ago. Last March, 45% of execs had a positive view of their company's current IT budget and spending plans. This month, 69% have a positive view.

Yet IT execs' confidence can be fleeting: Only half are upbeat about their IT budgets as they look out to the next three months.

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About the Author

Chris Murphy

Editor, information

Chris Murphy is editor of information and co-chair of the information Conference. He has been covering technology leadership and CIO strategy issues for information since 1999. Before that, he was editor of the Budapest Business Journal, a business newspaper in Hungary; and a daily newspaper reporter in Michigan, where he covered everything from crime to the car industry. Murphy studied economics and journalism at Michigan State University, has an M.B.A. from the University of Virginia, and has passed the Chartered Financial Analyst (CFA) exams.

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