Indian mid-market biz expect their IT-budget to go up: Study
Notwithstanding the prevailing tough economic situation, over 50 per cent of the Indian mid-market business decision makers expect their IT-budget to increase in 2009 compared to last year, a global study by IBM said on Thursday.
Bangalore: Notwithstanding the prevailing tough economic situation, over 50 per cent of the Indian mid-market business decision makers expect their IT-budget to increase in 2009 compared to last year, a global study by IBM said on Thursday.
The majority of the Indian companies surveyed cited
supply chain management (SCM), information management and
security management as their critical business priorities for
improving business performance and efficiency.
Most of the mid-size companies also recognised that a go
-it-alone strategy may hinder their chances of success, and
that finding strategic IT partners, who can collaborate with
them to realise their vision, was the key to success.
Even today mid-size companies continue to innovate and
grow through technology investments in India. This was true in
growth markets where IT budgets had been left largely intact,
the study said.
"Mid-size companies in India are constantly innovating
while deploying resources to create sustainable business
value. They are investing in the future - making changes and
taking risks to survive, compete - and thrive," IBM India/
South Asia Director General Business Ramesh Narasimhan said.
The study is based on a study of about 1,879 business and
IT executives at companies with between 100 and 1,000
employees across industries and in seventeen countries.
Globally, the study showed that despite of the current
economic environment, a large percentage of organisations were
rethinking, not reducing, when it came to budget. A total of
64 per cent of those surveyed said their IT budgets remained
the same or are actually increasing for the coming fiscal
year, with nearly 40 per cent stating that their priorities