27 Oct CDW IT Monitor: Confidence takes another hit at mid-sized companies
Vernon Hills, Ill. – Information technology decision makers at medium-size businesses report a fairly significant decline in confidence, according to the latest bimonthly CDW IT Monitor.
The overall Monitor score for medium-size businesses dropped three points to 75 in October, which represents the greatest decline in confidence in the corporate sector among small, medium, or large businesses.
Given the shaky economy, with the Dow suffering triple digit losses on a daily basis and massive government intervention to address the credit crunch, CDW Vice President Mark Gambill said the survey results are not a surprise.
“I think a lot of it is just uncertainty,” Gambill said.
CDW IT Monitor, which tracks the direction and momentum of the American IT marketplace, also found that:
- Twenty-three percent of decision makers at medium-size companies believe they will hire additional IT staff in the next six months, down five percentage points from 28 percent in August.
- Seventy-six percent of decision makers at medium-size businesses believe IT investment helps financial improvement, down from 80 percent in August.
- Fifty-nine percent of decision makers at medium-size businesses believe their IT budgets will increase in the next six months, compared to 58 percent in August.
The latter details provided the lone ray of light in an otherwise gloomy report. “Most companies still place a high value on IT in that it helps them grow and sustain their business,” Gambill said.