Businesses continue IT spending despite economy

While the economy isn't prospering as much as organizations might wish, forcing some to cut back on spending, this trend doesn't seem to be affecting business investments on information technology. In fact, more than half of the respondents to a survey by Nucleus Research said they plan to increase their IT spending by 5 percent or more in 2012, according to CFOworld.

The survey, which polled 220 U.S. companies, found that 10 percent of respondents are intending to increase their IT spending by double-digit percentages. Roughly 40 percent of the businesses plan on spending about the same amount as they did last year, according to CFOworld. Although the economy may be forcing them to cut back on certain aspects, it won't be their spending on IT.

"A lot of companies shrunk their workforce and are now looking to technology to get more productivity out of existing employees," Rebecca Wettermann, the vice president of Nucleus, told the news source in an email.

One of the areas of IT that is receiving a lot of spending is cloud computing. According to Forrester Research, Infrastructure-as-a-Service will grow from a $2.9 billion market in 2011 to nearly $4.8 billion in 2020.

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