How the Economy Is Affecting Enterprise Software
Companies across the board are reeling from the changes to the global business environment over the past few months. Purchases of enterprise software systems have become fewer and farther between. Organizations in almost every industry sector put the squeeze on their CapEx budgets in general, and IT budgets in particular. A Gartner study released midmonth reveals that global IT budgets will be flat this year.
Gartner surveyed CIOs in more than 1,500 companies in 48 countries and found that improving business processes and business intelligence capabilities are these organizations’ top IT priorities for 2009. CIOs expect to invest in business intelligence applications and information consolidation in order to raise enterprisewide visibility into performance, a priority in this economy. “These investments are expected to pay extra dividends by responding to new regulatory and financial reporting requirements,” Gartner reports.
