Economic Downturn Hits IT: Over 80% of IT Departments are Taking Action to Cut and Monitor Spending According to a New Survey by Info-Tech Research Group



    LONDON, ON, Jan. 7 /CNW/ - According to early statistics in a new
Info-Tech Research Group study, more than 80% of IT departments are taking
action to cut and monitor spending. In light of these results, the research
firm urges overly optimistic IT leaders who haven't been hit by budget and
staffing cuts yet to start preparing now. Not many IT managers are in the room
when financial decisions are being made preventing them from seeing some of
the signs leading up to cut backs.
    "The orders to start cutting back resources may come sooner than some
think," Andy Woyzbun, Lead Analyst with Info-Tech Research Group warns. "In
uncertain times, having a strategic plan ready is the best thing IT leaders
can do for their departments. Consider it something of a bomb shelter; you
want to be prepared for the first blast."
    Statistics from the Info-Tech study show that IT leaders are doing
everything they can to avoid laying off staff. Currently only 13% of
respondents have resorted to staff cuts while 65% are cutting back on
discretionary spending and postponing or cancelling projects. 48% are reducing
their contracting and consulting budgets and 40% have been taking the time to
renegotiate vendor agreements to make them more affordable.
    "The last thing managers want to do is to lay-off workers," Woyzbun
states. "Going through lay-offs is a tough pill to swallow for any team, but
with 56% of IT departments currently in a hiring freeze the thought has to be
in the back of their minds."
    It's inevitable that cutbacks will need to be made in 2009. To aid
organizations in preparing for these cutbacks Info-Tech Research Group has
introduced MeasureIT, an interactive peer benchmarking tool that identifies
excessive or inadequate spending relative to a self-defined peer group.
    "Knowing where excess resources are being spent is the dream of every IT
Manager who is forced to make cuts and spend smarter. They now have access to
a tool that makes preparing for changes a much less daunting and hopefully
less cut-throat task," Woyzbun concluded.

    About Info-Tech Research Group

    With a paid membership of over 23,000 worldwide, Info-Tech Research Group
(www.infotech.com) is a global leader in providing tactical, practical
Information Technology research and analysis. Info-Tech has been addressing
the needs of IT professionals for over 10 years, and is one of North America's
fastest growing full-service IT analyst firms.





For further information:

For further information: For interviews with Info-Tech Research Group,
contact Rachel Flewelling at rflewelling@infotech.com or 1-888-670-8889 ext.
3061

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