Monitor sees some IT growth

30 Apr Monitor sees some IT growth

VERNON HILLS, Ill. – Following a more than one-year slide, information technology growth is starting to appear in small- to medium-sized businesses. According to the April CDW IT Monitor, more IT decision makers think they’ll spend money in the next six months.
The latest survey shows 29 percent of small business expect to increase their IT budgets, an increase of 7 percent from the February survey. In addition, 18 percent of medium-size businesses anticipate hiring in the next six months, an increase of 6 percent.
Confidence among decision makers on the whole, however, remains relatively low with an overall monitor score of 69. But for the first time in eight months, this indicator remained flat with the previous readings indicating that confidence may have stabilized.
“The challenging economic times everyone has experienced are by no means over,” said CDW Vice President Mark Gambill, the company’s executive responsible for market insights. “But for the first time in more than a year, we are seeing green shoots that indicate returning confidence in the IT industry. The fact that an increasing number of IT decision makers are anticipating any amount of future growth at this time is reason to believe the first signs of spring may have arrived in what has been a gloomy economic climate.”
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 monitor score is based on the IT Growth Monitor measuring future IT expectations, and the IT Value Monitor, which gauges the value of IT in achieving organizational objectives.
Additional findings from the April CDW IT Monitor: