At first glance, consulting firm Corporate Executive Board's 2013 IT budget benchmark findings make dispiriting reading. But underneath the headline numbers are clear signs that CIOs are pressing ahead with new ways to create business value. CEB collected and benchmarked 2013 budget plans from about 200 companies globally, representing $52 billion in IT spending. Based on our analysis, the average corporate IT budget will increase 1.8% next year. After several years of annual budget growth of between 5% and 10%, the 2013 forecast seems small. However, it's important to remember that previously more substantive increases arose from IT organizations working through a backlog of projects that built up during the recession. The 2013 projected budget increase reflects higher operational expenditures only--capital expenditures are projected to be flat, limiting the opportunity CIOs have for continued innovation. Room for maneuvering will be further limited by that old bugbear, main... Read full story on InformationWeek

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