Companies will continue to need lots of compliance help in 2006. AMR Research estimates that companies will spend $6 billion on complying with Sarbanes-Oxley Act requirements next year. Internal staff still sucks up the bulk of SOX expenditures, but AMR says that companies are spending a lot of new technology.
As the year 2005 draws to a close, IT pros are planning regulatory compliance efforts for the coming year. And storage and security are topping their agendas.
At the Infosecurity show here this week, one IT manager from a Florida-based manufacturing firm, who asked not to be named, explained that Sarbanes-Oxley (SOX) is forcing him to buy additional storage. “The problem is that you’re saving so much stuff,” he said, adding that firms must now keep masses of data that would previously have been “garbaged.”
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