As part of the "IT Trend Survey" released at SIMposium 09 in Seattle on Monday there was a report from CIOs on budget levels for 2009, and projections for 2010. It was no surprise to see that budgets fell off a cliff in 2009, with 52% reporting 2009 budgets that were smaller than 2008.
The good news was that a smaller number of CIOs are projecting further budget cuts for 2010. Only 28% said that 2010 budgets would be less than 2009, while 45% project budgets as flat from 2009 to 2010. Check out the charts below.
Here is the chart comparing 2009 to 2008:
Here is the chart comparing 2010 to 2009:
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Jason Hiner is Global Editor in Chief of TechRepublic and Global Long Form Editor of ZDNet. He's co-author of the book, Follow the Geeks.