In spite of worldwide IT budgets remaining stagnant in 2009,those of Indian companies are expected to register an increase of 5.52 per cent,However,this is a sharp fall from the 13 per cent increase in IT budget that was reported in 2008,according to a 2009 chief information officer (CIO) Agenda survey conducted by Gartner. Indian companies will have to rapidly adapt in order to maintain their value proposition in the current volatile global economy, said Peter Sondergaard,global head of research at Gartner. CIOs in India need to recognise that ITs contribution to their enterprise extends beyond just cutting costs. They must have confidence in their ability to use IT to significantly increase business performance.
The survey shows that CIOs in India have shifted their focus from investing in emerging technologies to increasing the return on their existing investments and infrastructure. CIOs need to extract more value from what they currently possess,rather than invest in new solutions. In the current economy,enterprise cost optimization has become the most critical factor for the CIO, said Partha Iyengar,head of research in India at Gartner.