Early statistics in a new Info-Tech Research Group study reveal that more than 80% of IT departments are tak...
January 7, 2009
Early statistics in a new Info-Tech Research Group study reveal that more than 80% of IT departments are taking action to cut and monitor spending.
In light of these results, the London, Ont. based research firm urges overly optimistic IT leaders who haven’t been hit by budget and staffing cuts yet to start preparing now.
Not many IT managers are in the room when financial decisions are being made preventing them from seeing some of the signs leading up to cut backs.
“The orders to start cutting back resources may come sooner than some think,” warns Andy Woyzbun, lead analyst with Info-Tech.
“In uncertain times, having a strategic plan ready is the best thing IT leaders can do for their departments. Consider it something of a bomb shelter; you want to be prepared for the first blast.”
Statistics from the Info-Tech study show that IT leaders are doing everything they can to avoid laying off staff. Currently only 13% of respondents have resorted to staff cuts, while 65% are cutting back on discretionary spending and postponing or cancelling projects.