The recession might be in full swing, but that’s not stopping IT departments from making investments in technology. AT&T Inc. found in an annual study on business continuity and disaster recovery that two-thirds (65 percent) of businesses surveyed will be investing in new technologies for 2009.
Investment is focused on new equipment and a variety of software, storage, and security upgrades.
AT&T surveyed IT executives from companies around the U.S. that have at least $25 million in annual revenue to get their views on disaster planning and business continuity trends. Other key findings include:
- 67 percent of executives indicate that wireless network capabilities are part of their business continuity plan, and nearly half (46 percent) said that mobile devices play a major role in their plan’s considerations.
- 40 percent of executives surveyed indicated that their IT budgets are expected to be lower this year than in the previous two years, while 24 percent indicated that budgets will be higher. Companies with business continuity plans in place are significantly more likely than those without plans to anticipate budget increases.
- Three out of four executives surveyed are concerned about the increased use of social networking capabilities’ potential impact on network security. However, hacking still continues to be listed as the biggest security risk to companies.
- One-third of companies surveyed have used their business continuity plan. Nationally, companies are most likely to invoke their business continuity plan due to extreme weather (25 percent) or power outages at facilities (19 percent). In addition, one-third of respondents require suppliers and other vendors to have a business continuity plan in place in order to do business with their company.