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The Importance of IT

Study shows small businesses plan to keep spending on hardware and software.

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This story appears in the December 2009 issue of Entrepreneur. Subscribe »

Smart business owners know it's always critical to be technologically prepared, despite tough economic times. That's the lesson from the results of a recent survey conducted by IT management solutions provider Spiceworks, which show that most small businesses are still planning to make significant investments in new hardware and software over the next six months.

Even as small businesses are squeezing more mileage out of their existing hardware--the average planned lifespan of desktops, laptops and servers increased 26 percent in 2009 from 40 months to 50 months--68 percent of businesses queried by Spiceworks said they are looking to add new hardware by year's end, and 51 percent said they are budgeting for new software.

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