Thursday, March 21, 2013

Worldwide IT Spending

Around the world, the Information Technology revolution is taking the world by storm.  Companies are spending massive and obscene amounts of money to modernize and connect their businesses to be able to compete with the rest of the world.  Whether this money is being spent on devices display, enter and make changes to data, data center systems to hold the information, enterprise software to analyze and develop the information, IT services to implement and install the information, and telecom services to share and connect.

The rapid growth is crazy, and to see these numbers is amazing.  Just since 2010, the jump in each sector is huge.  Refer to Table 1 to see the spending amounts since 2010 and forecasted up to 2016.















The increased spending should improve efficiency within businesses and organizations, and it should also help continue the trend of globalization around the world.  Businesses are becoming more and more connected, while also becoming more streamlined.  How do you think this will impact our economy or do you think that consumers will even notice?

Table from:
http://www.gartner.com/DisplayDocument?id=2291618
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2 comments:

  1. UnknownApril 12, 2013 at 1:12 PM

    I think increased money spent on IT wil make the economy more efficient and will actually create jobs because we'll need people to develop and run these types of services. As IT grows more people and businesses will use them to where it becomes necessity almost. On the other hand, it could potentially replace some jobs.

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    1. INFO Group 12April 14, 2013 at 6:46 PM

      Absolutely, IT has become the standard in the business world and the economy as a whole. If you don't make the adjustments and invest in IT, you will surely risk failure.

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