IT Budgets Are Sliding, But Not Drastically.

The article reports on the slipping operational budgets on Information Technology (IT) of several companies in the U.S. and Canada caused by the current economic crisis. Research company InfoEdge reveals that 35% of organizations surveyed in the fall of 2008 have cut IT operational spending while majority did not change their IT spending. Moreover, InfoEdge forecasts that IT operational budgets will be at their slowest rate since 2004 if the economic recession growth will similarly flat.