#1 of 8: Revenues are down for 63% of companies.
#2 of 8: Discretionary spending down significantly in 5 major areas (technology, training, travel, marketing, headcount), but technology spending proving the most resilient.
#3 of 8: 66% of companies see the current economic downturn lasting until at least 2010 (and 21% see it lasting for “several years”).
#4 of 8: 42% of companies now see somewhat non-traditional sources for acquiring document management capabilities (open source, SaaS, outsourcing) as their PREFERRED approach.
#5 of 8: At 69% of companies, only those projects that can demonstrate positive hard dollar returns THIS YEAR are being approved.
#6 of 8: For 69% of companies, capital requests are much more difficult to get approved than last year.
#7 of 8: Information management effectiveness is viewed as critical by 89% of organizations.
#8 of 8: Most organizations (86%) do not know what they do not know when it comes to information integrity; they are unconsciously incompetent when it comes to the effectiveness of their information management systems.
Findings based on survey conducted February 5 of 400 executives who “order, recommend, approve, or initiate computer hardware or software decisions.”
For a copy of the full survey results, go HERE. Download is free with registration.