Fewer organizations reduced their IT budgets in 2011, and spending increased by 2 percent, according to a Computer Economics survey of more than 200 IT executives.
Last year, 42 percent of organizations were cutting their IT operational budgets. This year that figure dropped nearly in half, to 22 percent.
Insurance, wholesale distribution, manufacturing, and healthcare providers are growing their IT operational budgets at a rate greater than the composite sample, according to the survey. However, a majority of government organizations are still cutting budgets.