Despite the insurance scandals that rocked the first half of the year, 2005 is looking up for IT departments as carriers focus on a strategic view of the future. And the early word on 2006 is the same spending plans lie ahead.
BY ROBERT REGIS HYLE
Industry watchers often see trends where only fleeting events occur, but in the case of IT spending, many fingers are being crossed as the outlook for the remainder of 2005 and the budget process for 2006 appear promising. After a few years of slumping IT budgets, Firemans Fund has increased technology spending each of the last two years, according to Fred Matteson, the carriers CIO. Last year and this year weve been up, he says. But not in just general expenditures. Were trying to be very focused on where we spend our money and what projects we support rather than just generally allocate more dollars to IT.
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