Survey Pinpoints Tech Spending in Small Firms

July 23, 2009
PLANO, Texas—Small businesses are still spending money on technology, particularly when it means they can improve operations or gain competitive advantage, according to Wasp Barcode Technologies.

In a recent customer survey, Wasp asked its small-business customers to estimate their technology spending for the remainder of 2009. Survey respondents overall appeared cautious, with only 19% intending to increase IT spending for the second half of the year. Forty-one percent plan to spend the same amount as they did in the first half of 2009, while the remaining 40% expect to spend less.

However, companies that previously invested in productivity solutions to track inventory or assets have a much more positive attitude toward IT spending: 31% plan to increase IT investments for the remainder of 2009, while another 39% expect their IT dollars to remain the same. Only 30% of these businesses intend to spend less.

Wasp offers barcode-based productivity technologies for inventory control and asset tracking. The company says it designs its products specifically for the needs of small businesses.