Tech spending bottoming out?

Are we seeing signs of life when it comes to technology spending? There are reasons to think the worst may be over. Goldman Sachs surveys big companies monthly and has detected a slight shift as of late. The rate of spending decline on new equipment and software is actually easing, representing the first upward movement in either Goldman's total IT spending or its capital purchases indexes since June, reports CFO.com.

When it comes to Wall Street firms specifically, Aite analyst Adam Honore tells Wall Street & Technology that tech spending hasn't been hurt as much as people think. The perception has been shaped by several IT layoffs, but the reality is that "the money is still there." In fact, many firms have no choice but to continue to invest. Order management, execution management, client reporting, risk, compliance and latency reduction are all areas of continuing investment. More firms are trying to rationalize their licensing spend. More are also considering third-party services when it comes to front-end functions. 

For more:
- here's the CFO.com article
- here's the Wall Street & Technology article

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