DatatWare Housing

IBM and CIO Insights have recently conducted surveys with CIOs regarding their top priorities for 2010. Top Analysts from Gartner gave their opinion about IT budgets and IT spending for 2010 and beyond. The IBM study revealed that Business Intelligence and Analytics are the top priorities for more than 83% of all interviewed CIOs. The CIO Insights survey show business productivity, cost reduction and IT/Business Alignment as top priorities. According to Peter Sondergaad, VP Research, Gartner, 2009 was the most challenging and interesting year for CIOs. He quotes "The IT market is exiting its worst year ever".

In 2009 enterprise IT spending will end up to be 2,3 trillion dollars compared with 2,5 trillion dollars in 2008. Spending has actually declined in all markets, so CIOs have saved across hardware, software, telecommunication services and IT services. 2010 will not see a huge increase in IT spending, as budgets are still tight. The largest increase spending in IT will happen in health care, utilities and government.

The 2010 CIO spending budget is therefore done on the background of the worst year ever in the IT industry. 2010 is about balancing cost, risk and growth. IT has to be prepared to carefully plan for growth. So CIOs are facing a dilemma: How can they reduce cost while improving services? How can they balance the need to influence business strategies with the need to provide top notch IT support?

Using information technology to produce greater business value is vital, bundled with an ongoing focus on lower cost and higher efficiency. This is why an improved business intelligence solution combined with a great analytics tool with excellent visualization is so important.