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Technology Spending to Rise 5.6% Outpacing U.S. Growth: IDC

Published Monday, June 27, 2011
by Devin Banerjee

Spending on information technology by companies and governments in the U.S. will grow 5.6 percent in 2011, according to a survey by International Data Corp., about double the estimated increase for gross domestic product.

Of the executives surveyed by the Framingham, Massachusetts-based research firm, 31 percent said spending on security initiatives was a top goal this year, while 19 percent chose business analytics. In addition, 17 percent of companies expect to invest in smart technologies, designed to make electricity and other infrastructure operate more efficiently. 

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