Bloomberg survey shows IT spending on the rise
The clouds are moving in. According to a Bloomberg Tech Survey, when asked what infrastructure investment areas have yielded the most return on investment in the last year, cloud computing received 45 percent of the responses. Just behind the cloud was low-latency trading and complex event processing.
The survey, taken at the invitation-only Bloomberg LINK's first Enterprise Technology Summit, included more than 100 chief information officers and technology decision-makers from major financial services firms.
The results also included some key findings on spending. Seventy-six percent of the respondents said they will expect to increase information technology spending over the next 12 months. Only 17 percent said they will decrease and 7 percent said spending will remain the same.
Spending has already been increased in some areas. Eighty four percent of respondents said they have increased spending on regulatory and compliance systems in the past two years. Fifty-five percent of these decision makers said they are shifting more of their overall capital expense to managed solutions, while only 33 percent said they had no plans to make this change and 12 percent said they didn't know if they would make that move.More information on this survey can be found on Bloomberg.com.