IT managers must make do with smaller budgets
The job market in the IT industry will remain challenging because corporations plan only marginal hikes in their budgets and plan to reduce budgets for contractors, according to a survey of the US industry by Gartner.
The survey serves as a signal for Bermuda companies and IT workers about what could happen next year on the Island. US companies plan to hike their spending on technology by 5.5 per cent in 2006, according to the Gartner survey.
Most of the investments will be directed towards application development and integration. While spending on security and storage segments will level off in 2006, mobile devices will become a major purchasing priority. Development tools and middleware will also attract investment. The findings are based on a survey of 1,500 IT managers? plans for next year.
Small and midsize businesses ? those with 20 to 99 employees ? plan to increase IT budgets by seven per cent in 2006, while larger companies plan smaller increases of 2.4 per cent. ?Despite the spending increase, the message to IT managers is clear: You must continue to improve the efficiency of established IT investment areas if you want to fund substantial growth in IT or add IT professionals to the work force,? Gartner stated.
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