IT Leaders Hold Firm on Spending Plans for 2003 Despite War, Economy Worries, Computerworld Survey Finds
FRAMINGHAM, MA – FEBRUARY 27, 2003 – If the U.S. goes to war with Iraq, it will have no effect on the technology spending plans of nearly half the senior IT executives surveyed at the Computerworld Premier 100 IT Leaders Conference, held February 23-25, 2003 in Scottsdale, Ariz. IDG's Computerworld asked the 500+ attendees how the prospect of war and a lackluster economy would influence their IT spending in 2003, and found war will have no budgetary impact among 46% of survey respondents. War aside, a full 59% said they would spend as planned, even if the economy doesn't improve by mid-year.
IT staffing will either stay the same or increase for 77% of the 140 poll respondents, with 48% forecasting no change and 29% anticipating headcount growth. Attendees were predominantly vice presidents of IT, CIOs and CTOs from the world's leading organizations, including DaimlerChrysler, Morgan Stanley, Allstate Insurance, Circuit City Stores, Microsoft, Royal Caribbean Cruises, and many others. More than half the participating companies report annual revenues of $500 million and above, with 65% reporting annual IT budgets up to $50 million and 35% with IT budgets exceeding that level. Seven percent of those surveyed manage IT budgets over $1 billion annually.
"It is reassuring to know, when there is so much focus on the shaky economy and the prospect of war, that top IT executives are determined to do what is best for their companies and look boldly to the future," said Maryfran Johnson, editor in chief of Computerworld. "While not overlooking world events or macro-economics, the best and brightest in IT are both realists and risk takers. They know they must move ahead with technology investments to position their companies for future growth."
Major users of technology also reported a material change in their relationships with IT vendors, with 79% finding vendors either "willing" or "very willing" to ensure customer satisfaction, and 75% seeing a shift among vendors toward selling more support, consulting and service.
The most outstanding and innovative IT leaders are recognized every year in the Computerworld Premier 100, announced in the January 6, 2003 issue of Computerworld. Built around the theme of "Leading the Way to the Real-Time Enterprise," the Premier 100 conference attracted a record-breaking crowd of more than 500 registered attendees from mostly IT user companies, including vice presidents, managers, directors, CIOs, CTOs, and other "C-level" executives, as well as Computerworld's Premier 100 honorees. Agenda and program information are available online at www.premier100.com.
Computerworld is the only integrated media company focused exclusively on the information needs of IT Leaders – those who manage and implement technology in Global 2000 organizations. The company's flagship weekly newspaper – along with its Computerworld.com Web site and conference series for IT Leaders – form the U.S.-based hub of the world's largest (58-edition) worldwide IT media network. Publishing since 1967, Computerworld has been recognized numerous times by Folio: Magazine and the Computer Press Association as the best computer newspaper, and was named to the "Media Power 50" in 2002 by Crain Communications' BtoB Magazine. Winner of more than 70 print and online editorial awards since 1998, Computerworld has a newspaper circulation of 202,000, a total print audience of 1,846,000 (according to IntelliQuest CIMS v.9.0), and an online audience of 800,000 unique monthly visitors (according to DoubleClick). Breaking news and resources for IT Leaders are available at www.computerworld.com.
Computerworld is a business unit of IDG, the world's leading technology media, research and event company. IDG publishes more than 300 magazines and newspapers and offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 330 targeted Web sites in 80 countries. IDG is also a leading producer of 168 computer-related events worldwide, and IDG's research company, IDC, provides global market intelligence and advice through 51 offices in 43 countries. Company information is available at www.idg.com.
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