Tech budgets are composed of two elements: spending on new projects and spending to maintain and operate the tech organisation, systems, and equipment – for which analyst Forrester is using the deliciously whimsical acronym ‘Moose’. Forrester said that this business-as-usual tech spend accounts for between two-thirds and three-quarters of the typical CIO’s budget. And in recent years the growth in new project spending has been modest, as nervous CIOs held back on launching major new tech projects. However, the analysts said new project spending will rise in many countries in 2015 and 2016 – especially if CIOs can hunt down that moose. During the tech market slump of 2013 and 2014, new projects were the first area where firms scaled down or deferred spending to cope with weak revenue growth, reduced cash flow, and tight lending markets, said Forrester in its new report The Global Tech Market Outlook For 2015-2016.In many cases, that scale-back took the form of firms opting for software-as-a-service (SaaS) applications thanks to their low upfront costs. New project tech purchases fell by 2.3 percent in 2013 and rose by 1.5 percent in 2014, but that’s still less than the growth in overall tech purchases. Read this… Read full this story
- $10 million in new projects have started across the Coast, including luxury living
- New York Times publisher Arthur Sulzberger, Jr. hands reins to son A.G. Sulzberger
- Donald Trump Jr. ditched his Secret Service detail to go on a moose hunt in the Yukon: report
- EHC starts two new projects in Southwest Florida
- Knitter rips out old stitches for new projects
- New York Today: Avoiding a Workplace Breakdown
- New York Today: Is Your Wi-Fi Network Safe?
- Career advice: How to job hunt this holiday season
- Littwin: One thing you can count on — GOP won’t follow the Trump-Cohen (hush) money
- Information meetings on I-210 bridge project
Want money for that new project? Then it's time to go on a moose hunt have 294 words, post on www.zdnet.com at January 8, 2015. This is cached page on Vietnam Art News. If you want remove this page, please contact us.