2 min read

Tech Spending Breeds An Air Of Confidence

Does the amount a business invests in technology have an impact on how employees view the company?
Does the amount a business invests in technology have an impact on how employees view the company?

Business-technology executives working for companies that apply hard dollars to IT say they feel more confident about near-term business prospects than do those employed at businesses with reduced tech spending. This was one of the findings of InformationWeek Research's latest quarterly Priorities 2002 survey, which provides an early indication of what the coming quarter will hold from the perspective of managers involved in company decision making.

IT InfluenceOf the 300 business-technology executives interviewed in September about their fourth-quarter business outlook, two in five working at companies that spend heavily on technology are optimistic about the near future. Companies spending less than average have fewer confident managers. Less than a third of the executives at companies making fewer technology investments this year feel good about the future.

This gap in optimism is also apparent when respondents are asked about the future prospects of their industry. Fifty-two percent of respondents at companies committed to IT spending feel positive about the future of their company's business sector, while 43% of managers at companies spending less feel that way.

How do you feel about your company's tech plans? Let us know at the address below.

Helen D'Antoni
Sr. Editor, Research
[email protected]

Future Prospects

The sustained downturn is testing the mettle of employees and investors. While some companies remain committed to technology growth, a third of the business-technology executives at companies with above-average technology spending in the fourth quarter are taking a wait-and-see attitude based on IT project starts and initiatives planned for the next three months.

Top of the Page