Report: Security Tops IT Budget Priorities

New research from Robert Half International finds companies are still putting money into IT security projects, even when budgets are tight

Security is on the minds of companies and many are still making room in their budgets to invest in IT security initiatives, according to a survey released Monday by Robert Half Technology.

The research found that, despite a challenging economy, seven out of 10 chief information officers interviewed recently said their companies will invest in information technology initiatives in the next 12 months. Information security topped the list of projects executives expect their firms to invest in, with 43 percent of the response. Technology executives in the financial services and transportation sectors cited security most often, with 59 percent and 58 percent of the responses, respectively. The results are based on telephone interviews with more than 1,400 CIOs from companies across the United States with 100 or more employees.

"Although times are lean, many companies are finding that they can't afford to postpone IT investments that lead to increased security, efficiencies or revenues," said Dave Willmer, executive director or Robert Half Technology, in a statement. "Organizations also are trying to make sure they are prepared for growth when conditions improve, and enhancing their IT infrastructure is part of that process."

The other top IT investment areas were:

2. Virtualization (28 percent)

3. Data center efficiency (27 percent)

4. Voice over Internet Protocol (VoIP) (26 percent)

5. Software as a Service (SaaS) (26 percent)

6. Green IT (20 percent)

7. Business intelligence (19 percent)

8. Social networking (18 percent)

9. Web 2.0 (17 percent)

10. Outsourcing (16 percent)

The RHI survey falls in line with research released earlier this year by Forrester Research|Forrester Research Inc. - CSO Online - Security and Risk]] (See: IT Security Spending Up For Some). The Cambridge, Mass.-based firm interviewed nearly 1,000 firms for its State Of Enterprise IT Security: 2008-2009 report and found, among other things, that the security portion of IT budgets is expected to rise 12.6 percent in 2009, up from 7.2 percent in 2007 and 11.7 percent in 2008.

However, a poll conducted by CSO earlier this year found that the economy was having a negative impact on security spending. CSO polled security-decision makers in over 100 companies about their spending plans for 2009. Of the 159 respondents, 64 percent indicted that the economy was having a negative impact on security spending and 35 percent said security budgets would decrease this year.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags securityCIO

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joan Goodchild

CSO Online
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?