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Security Expected To Take A Larger Bite Out Of IT Budgets

Spending on security-related technology is expected to increase over the next couple of years, leveling off at 5 percent to 8 percent of the IT budget of global 2000 companies, a market-research firm said Monday. Security spending takes up from 3 percent to 4 percent of IT budgets today, the Meta Group said in a report on calculating information-security spending. That amount, however, is expected to increases at a compound annual growth rate of between 8 percent and 10 percent through 2006, before reaching a plateau. In general, information security doesn’t have metrics for return on investment that’s been adopted across industries. A chief financial officer typically defines ROI as dollars spent balanced by additional revenue or accrued profit, but “security doesn’t generate revenue or improve profits in a predictable manner,” Meta analyst Chris Byrnes said. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.