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  5. CIOs See Spending Uptick, But Remain Cautious, Conservative: Page 2 of 4
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CIOs See Spending Uptick, But Remain Cautious, Conservative: Page 2 of 4

Chief information officers (CIOs) at enterprises worldwide remain cautious about boosting their technology spending, and the money they do spend will concentrate on security and business intelligence, said a survey
March 10, 2004

Global IT spending won't substantially increase, he added, until CIOs are confident that the recovery is real, and sustainable.

"It's going to take time for them to shift gears and forget their recent obsessions about cost," Blosch said. "Even then, they'll remain much more cautious about where they spend their money."

Among the priorities that the CIOs outlined to Gartner EXP, the top one in 2004 will be security, which held the number two spot last year. Data privacy issues, which took the number ten spot in 2003, leap-frogged all the way to number three on the CIO wish list for this year.

Blosch ascribed the turns in priorities to the continuing wave of security breaches, but also to more attention to local and global regulations and enterprise governance standards, such as the privacy laws in the European Union and the Sarbanes-Oxley Act in the United States.

"Anything to do with security, data security management, and data privacy and protection will get emphasized by CIOs this year," said Blosch.

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