CIOs plan to up spending on cloud, managed services

Chief information officers have long realized the advantages of incorporating cloud technology. Now, they appear ready to start spending on it, according to a recent survey.

Bloomberg polled CIOs attending its invitation-only Enterprise Technology Summit and found 76 percent expect to spend more on IT during the next year. With another 7 percent planning to keep IT spending the same, just 17 percent said it will decrease, suggesting an end to the economic recession’s impact on information technology.

Cloud technology was hailed as the investment area most ripe for return, as cited by 45 percent of respondents. This could be driving the increasing attention in managed solutions, the technology gaining the most attention in overall capital expenses, according to 55 percent of respondents.

In fact, the potential for return on investment through cloud and other new IT services was the motivating factor behind the survey, according to Bloomberg president Dan Doctoroff.

“Our customers are facing increasing pressure on returns, so we are using our expertise, products and new partnerships to help them lower costs and improve their IT infrastructure’s efficiency and effectiveness,” Doctoroff said at the conference.

Separate research indicates that these trends are catching on among large organizations, who are beginning to catch up to their smaller counterparts when it comes to cloud adoption.