04 Mar CDW IT Monitor: Medium and large businesses believe information technology investment remains an important priority despite economy
VERNON HILLS, Ill. The majority of medium and large businesses believe that continued investment in information technology (IT) is an important priority according to the latest CDW IT Monitor. Data confirmed that most medium and large corporations expect to purchase new IT hardware in the next six months (78 percent and 82 percent, respectively).
“In today’s business environment, savvy organizations prioritize strategic IT investments as a way to increase market share and profitability,” said CDW Vice President Mark Gambill, the company’s executive responsible for market insights. “This is particularly true in categories such as virtualization and security, which drive productivity and efficiency.”
Despite the underlying importance of IT investment to the medium and large business sectors, overall confidence among all IT decision makers remained relatively flat as the latest reading of the CDW IT Monitor recorded a one-point decline to 69.
The CDW IT Monitor is based on an online survey of at least 1,000 IT decision makers from businesses of all sizes and all sectors of government. The overall IT Monitor score is composed of two sub-indices – the IT Growth Monitor, which measures future IT expectations, and the IT Value Monitor, which measures the value of IT in achieving organizational objectives. For more information about the mindset of IT decision makers please visit www.cdwitmonitor.com.
The government sector also anticipates continued investment in IT. Eighty percent of federal government IT decision makers plan to purchase hardware in the next six months, as do 69 percent of state government IT decision makers. However, despite planned investment, state government IT decision makers are less optimistic than their federal government counterparts. The IT Monitor reading for the state government sector registered a five point decline to 63, trailing the federal government sector by eight points.
“State governments across the country are feeling the combined impact of decreased sales tax revenues and increased unemployment benefit payments,” added Gambill. “It will be interesting to monitor this sector as the economic stimulus takes shape and the specific allocations to different states become clearer.”
Additional findings from the February CDW IT Monitor:
|Small Business Sector
|Medium Business Sector
| Large Businesses
|Do you plan to purchase new IT hardware in the next six months? (percent answering yes)||32% (8%)||78% (1%)||82% (2%)|
|Do you plan to purchase new IT software in the next six months? (percent answering yes)||47% (8%)||78% (no change)||87% (no change)|