Euro tech spend still buoyant

But 'get more for your money' is the new business mantra...

European spending on technology has been largely untroubled by last year's dot-com downturn, according to the latest findings from IDC. The European Technology Barometer 2002, published today, shows 82 per cent of European businesses intend to maintain the same levels of IT spending as in past years. However, the survey does reveal that many are looking to make their money work harder for them in a more pragmatic approach - improving systems already in place, rather than speculating on new technologies. Similarly, projects which offer a clearer indication of return on investment are more likely to be implemented, according to IDC. Other positive news was offered by the findings which report 52 per cent of respondents believe we will see an upturn in the economy this year. Despite last year's troubled times for tech firms, which have become a feature of 2002 as well, 87 per cent of respondents believe continued investment in technology is critical for the success of the businesses. IDC surveyed 550 companies across Europe.