According to the report, growth and transformation remain the top priorities for enterprises in 2007, but any new investments need to be funded by a significant reduction in existing ‘run-the-business’ spending. To support these priorities, IT organizations will subsequently need to reduce their ‘run the business’ budgets by nearly five percent in 2007.
The new 2007 version of the Gartner Consulting Worldwide IT Benchmark Service and the Worldwide IT Benchmark report includes five volumes of comprehensive IT spending and performance data across 20 industries. The report highlights comprehensive IT spending plans of more than 1,500 companies with more than $1 billion in revenue, combined with historical spending and performance data on more than 10,000 companies worldwide. This allows companies to look at key cost and performance indicators by IT domain to gauge and manage organizational effectiveness and performance optimization.
The research shows that IT spending forecasts differ by industry. In 2007, the most significant difference in IT spending growth will be in the Media industry, up to nearly 7 percent from 4 percent in 2006 (see table 1). The consumer products industry will see the biggest decline in IT spending in 2007, as spending is expected to decline by nearly 6 percent, down from an 8 percent increase in 2006.