Utility companies have experienced shifts in their IS budgets in 2002 according to the 13th annual Information Systems and E-Business Spending study conducted by Computer Economics.
More utility companies have decreased (36.8%) their central IS budget in 2002 than increased (34.1%) their central IS budgets. During the prior three year-period, 38.7% of utility companies decreased their IS budgets while 35.6% increased their central IS budgets.
Meanwhile, 29.1% of utility companies have held their central IS budgets steady. This is higher than the prior three-year period when 25.7% of utility companies held their central IS budgets steady.
Figure 1 shows the IS budgets changes in utility companies in 2002. The AnnuMark represents the current year and the TriMark shows aggregate three-year trends from 1999 to 2001.