Strategies and Trends for Information Technology Leaders
Worldwide IT spending is forecast to total $3.6 trillion in 2011, a 5.1 percent increase from 2010, according to the latest outlook by Gartner. In 2010, worldwide IT spending totaled $3.4 trillion, up 5.4 percent from 2009 levels. Gartner has raised its outlook for 2011 global IT spending from its previous forecast of 3.5 percent…
The tech employment market is improving — albeit gradually – according to the latest data cobbled together by TechServe Alliance, a national trade association representing the IT services industry. In July, the IT sector added 9,700 jobs in the U.S., a 1 percent improvement from the same month last year, to a total of 3,875,000…
The third quarter figures to be a good one for skilled IT workers as CIOs begin to shake off some of the IT hiring rust that’s accumulated over the past three or four years and expand their staffs to take on key strategic projects put off during the recession. While it’s too early to declare…
The CompTIA IT Industry Business Confidence Index, which surveys a cross section of the IT industry from vendors to VARs, found that 48% of companies in the study expect to increase investments in research and development and other new revenue generating initiatives, while nearly one-third expect to increase spending on technology. The index increased 3.3…
Technology executives believe that the sector will recover from the current economic crisis substantially more quickly than the U.S. economy as a whole, with senior business leaders expecting improved revenue and profitability in 2010 and about half seeing an improved job picture. This is according to the results of a recent survey of hardware and…
The Boston Consulting Group’s (BCG’s) sixth annual global survey and report on innovation, Innovation 2009: Making Hard Decisions in the Downturn, reveals that, not surprisingly, economic concerns are weighing on many companies’ innovation plans. A significant percentage of companies plan to reduce innovation investment in 2009—and the percentage that plan to increase spending is at…
Gartner’s latest analysis of the direction of global IT spending during 2009 released March 13, includes significant downward revision to its last market growth forecasts, which were made at year-end 2008. In an advance look at its forthcoming 1Q09 update, Gartner’s preliminary forecast is that IT spending during 2009 will decline by 3.7%. The sharp…
Outside of the West, IT spending will be in single digits; not nearly as anemic as in the US, UK, and Europe. The continued erosion of the global economy, including the prospect of negative GDP growth in many major countries, has led IDC to update its forecast for worldwide IT spending in 2009. The IDC…
Tighter budgets, a greater concern over internal security breaches due to lower employee morale and complacency after a decrease in overall attacks over the past year may expose global financial institutions to an increased risk of data breaches, according to Deloitte Touche Tohmatsu’s 6th annual survey of global financial institutions’ information security efforts. “As the…
While the economy is hitting technology companies in general hard, a new report suggests that corporate IT jobs may be a bit more recession-proof. The 20th annual Computer Economics’s 2009 IT Salary Report finds that while salary growth has slowed, IT worker pay is still projected to increase on average by two percent this year….