Most of the money will go to the development of new or revived applications, Web and mobile projects and -- for 40 percent of the companies polled by CIO in the fall -- compensation for IT staff.
IT job-ad site Dice.com came out with an even rosier report last week -- predicting almost half of IT organizations would increase hiring by 10 percent; a third would increase hiring by as much as 20 percent; and 15 percent of 850 companies surveyed predicted they'd add in 2011 as many as three new IT jobs for every IT full-timer they hired in 2010.
If you've gotten good news about your own financial future -- bonuses, raises or promotions finally coming through after years of freezes, job offers after anxious months of hunting, massive tax cuts aimed at the super-rich that directly benefit IT people who are paid seven-figure salaries in simple acknowledgement of the impact of technology on the business -- remember the plight of those who have not yet crossed the chasm of recession and unemployment.
This holiday season, remember the Santas who remain unemployed, even after spending all year growing out their white beards, wide bellies and roaring up to retail stores and holiday parades in full Santa suit on his Holiday Harley Davidson (Rudolph et al presumably having been put out to pasture to save money on reindeer feed and sleigh maintenance).
Even with the upgrade to Santa's ride, technology clearly can't fix everything.