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Survey Shows That Software Spending is on the Rise

According to a new Forrester Research report, world-wide companies are looking to spend just as much on brand new software as they are to maintain their current systems. The study shows that half of all IT budgets will be invested in new initiatives.

Business intelligence will continue to be a priority as nearly 40 percent of respondents said they will install new products. Half of all people are still planning to roll with standard dashboard and operating tools, but more advanced tools are rapidly gaining.

The survey was conducted among 2,400 IT decision makers and executives throughout the United States, UK, Germany, France and Canada, and from companies of varying sizes.