Cambridge, Mass.—CIO confidence in the future of the IT industry reached its lowest level in a year in the current quarter, according to "CIO Confidence Poll: Q2-2005," from Forrester Research.
The poll, which began in the first quarter of 2001, is based on responses from about 200 chief information officers at North American IT companies.
The latest survey found that confidence about future business dropped by 10 points from the previous quarter. However, despite the decline in confidence, 74% of CIOs expect to spend at this year’s budget level and 14% expect to overspend their IT budget.
The poll also found that while 78% of CIOs reported increasing IT spending in 2005 over the previous year, only 64% are expecting to increase spending in 2006.