According to Forrester, the pressure is coming from corporate business executives rather than the IT departments. But it is software not hardware which is the main area where the big companies are cutting back.
Just over a quarter of companies surveyed will consider buying enterprise applications like CRM, supply chain management, procurement and ERP. This figure is down from 58% last year.
But enterprises are still buying hardware with 61 per cent saying they are considering purchasing storage equipment, servers, infrastructure software and bandwidth.
Forrester said the general e-business spending decline was a result of companies becoming more conservative and shrinking away from making ‘risky’ IT investments.
Tom Pohlmann, senior analyst at Forrester said that corporate decision-makers were trying to squeeze more value out of their prior technology investments.
‘Most companies will curb the number and types of technology products that they will consider buying in 2002,’ he said.
The report also discovered that IT consulting and services fell 28% in comparison to last year.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
New BDO managing partner Paul Eagland reflects with Accountancy Age on which historical figure he would like to seek advice from - and what they would advise