60% of large European companies don’t spend more on IT because it’s good enough

As many firms in Europe keep major IT projects on hold, IDC says that the single greatest inhibitor of IT spending increases is the growing culture of “good-enough computing.” More than 60% of large firms, and over 50% of SMB companies, identified the issue of “good-enough computing” as a major barrier to funding for new IT projects, and ranked it ahead of the weak economy, company profits, or the cost and complexity of IT as a major inhibitor. Almost 40% of large firms, meanwhile, also identified the shortage of skilled staff to implement new technology solutions as a major barrier.