Information management: a bright spot in IT spending plans

Added by The Editor, 4 months ago.

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There's no doubt that, right now, discretionary spending on IT is feeling the squeeze at many organisations worldwide. But analysts at market research company Forrester claim that information management (IM) solutions will contine to thrive, as a way of driving IT and business alignment and delivering real and visible value to the business.

After surveying suppliers of both IM software and services to assess the size of the IM services market, Forrester expects the global information services market to grow from its present value of $7.9 billion to $10.9 billion by 2012, representing a compound annual growth rate (CAGR) of 8.2 per cent.

Business intelligence and business performance solutions will likely dominate this spend. Data warehousing services should also witness strong growth over the next two years, as with greater interest in and deployment of business intelligence solutions, the requirements for data warehouses to store all of the data should also grow commensurately. Forrester's analysts also expect content management and portal services to demonstrate high growth in 2009.

The company urges firms to clearly define an information management services strategy and adhere to it, ensuring that it is sufficiently far-sighted to take their organisation forward.