Wednesday, 5 March 2003  8:30 am
A new survey of 877 CIOs by Forrester supplies more evidence that the "good enough computing" phenomenon is gaining acceptance in the corporate world. Forrester is now forecasting a 1.9% growth in information technology spending for 2003, which is even more pessimistic than other forecasts reported here on December 12.  It is also a reduction from 2002 (which was a meager 2.3%).

The survey did find a few areas in which the CIOs are expecting to increase spending. At the top of the list is disaster recovery, followed by business intelligence applications. The interest in disaster recovery is understandable, but once corporations have good disaster recovery systems in place, this will not be an area of future growth. The reason is simple - disaster recovery does not improve the earnings of a company, unless, of course, there is a disaster.

Business intelligence is another matter. At Progeny Ventures we are strong believers in the potential for business intelligence - it is a field that is still embryonic. It is good to see that even in the spending-constrained times that we current live in, CIOs view business intelligence as a high priority for their scarce dollars.