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Early signs exist that IT spending will strengthen in the second half of 2003, which provides the necessary first steps for a turnaround in IT spending for 2004. According to a weekly poll drawn from a 20,000-member Gartner panel of IT decision makers from small, midsize and large businesses, U.S. businesses spent below their budgeted levels, recording a score of 95.1 on the Gartner Technology Demand Index for July. After hovering around 80 in March and April, the Index has remained above 90 for the past three months, flirting with the key 100 level. This indicates that IT demand is slowly returning to budgeted spending levels. "The underlying data still reflects a conservative market that is focused on cost control. The overall positive trend is offset by occasional negative data points, which we anticipate will continue to decline in frequency through the end of the year," said David Hankin, senior vice president and general manager of Gartner. "Based on the trends we see, we are optimistic that spending will return to or exceed budgeted levels in the fourth quarter of this year." In July, software spending went above the budgeted parameters, as the software segment scored 107.3. One application area that has shown the strongest current demand is the design and engineering segment. "The strong current demand in the design and engineering area is primarily due to the growing interest in new standards such as J2EE (Java 2, Enterprise Edition), .NET and Web services, which require new tools for building applications," Hankin said. Gartner Technology Demand Index for July 2003 Sector
Aggregate Overall IT Spending 95.1 Note: An index of 100 would mean actual spending totaled the projected budget for the month. Source: Gartner (August 2003) Aug 21, 2003 Email this article Printer friendly page Previous Page
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