Business Tech Spending Back

For the first time since the tech bust, businesses are starting to spend on technology projects that won't immediately save them money.

U.S. corporate tech spending jumped in September, researcher Gartner said Tuesday. That will help drive a 7% increase in worldwide spending this year to a projected $1.33 trillion, Gartner says. "Businesses have been reluctant to spend against the (weak) recovery," says Gartner computer analyst Martin Reynolds. "Now they're starting to invest."

During the downturn, most companies sprang only for tech projects that could quickly cut costs, including automating tasks. Now, they are considering long-term benefits.

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