For 2007, it's no joke: The IT forecast really is fair to partly cloudy with a chance of showers -- depending on what the economy does.
"Generally, IT spending is affected by economic conditions," says Frank Scavo, president of Computer Economics, an Irvine, Calif.-based research company that specializes in information systems. The latest U.S. gross domestic product (GDP) report to come out was "below expectations," with growth at its slowest pace in three years, Scavo says. "If revenues are down, there's pressure on spending," he adds, "and that includes the IT department."
While sobering, the news isn't grim. IT spending is actually expected to go up next year -- 5%, in fact, according to a recent forecast by Forrester Research. However, it's a downward trend compared to 2006, which is expected to close out with a 6% increase in spending compared to 2005.
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