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RSS feedsIT spending will slow in 2009 as the economic crisis takes hold, although budgets will not be affected as they were in the aftermath of the dotcom crash, according to Gartner.
The analyst firm's latest research estimates an IT spending increase of 2.3 per cent in 2009, down from earlier projections of 5.8 per cent, with Western economies likely to be hit hardest.
"We learned that, in tumultuous times, chief executives want their executives and managers to be advisors and counsellors, not just great implementers of directions given to them," said Gartner analyst Peter Sondergaard.
"What they want now most of all is agile leadership. Leadership that can guide us through cost control and expansion at the same time."
Gartner predicted that IT spending will not be cut more severely because IT is so heavily embedded in organisations.
The analyst firm also argued that, in the current economic climate, IT leaders need to continue innovating and evaluating whether their applications serve a genuine business need.
See also:
SAP and Oracle among many firms hit by drop in business 07 Oct 2008
Figure to reach 50 per cent in five years, says Capgemini 21 Jul 2008
Focus switches to driving more value from existing infrastructure 26 Jun 2008
All IT Management Tags: It, Budgets, Credit-crunch, Gartner, Internet, Management
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