Tech spending to drop in 2009
As with all other sectors, the technology industry faces a decline in spending in the current economic climate. A report by Forrester Research expects the decline to be in the region of 3%.
This will be the first decline since 2002, when spending on computer products and consulting dropped by 6%, which followed the same 6% fall as the previous year. Thankfully the Forrester Report does not expect the fall to last long and predicts as much as a 9% rise in 2010.
The Forrester Report says that the strengthening of the US dollar also plays a part in causing the technology downturn, as well as the recession. Many technology purchases are made in dollars, which meant that the weak dollar boosted the technology growth rate and the now stronger dollar will have the reverse effect. In Western Europe, technology purchases using dollars will be down 7% and purchases using euros will be up 1% in 2009.
We at Eximium believe that good IT systems can save you money and increase productivity in any business sector and improving the efficiency of your IT doesn’t have to be expensive either. Sometimes, a minor change to a system can make a dramatic difference and we recommend that you don’t cut IT spending, without thinking of the benefits you could be getting from it and be prudent with the money you do spend, ensuring that your IT is working effectively for you.
For a free, no obligation consultation to evaluate your existing IT, click the following link;
http://www.eximium.net/factfind.asp
This entry was posted on Wednesday, January 14th, 2009 at 10:25 am and is filed under Articles, Business Advice, Hints and Tips, IT Advice . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
