TECH

IT does not suffer from the crisis: investments in the sector increase, according to an important consultancy

According to Gartner's latest report on global IT spending, investments in the sector will continue to grow in 2023, reaching a total spend of 4.5 billion. This is an increase of 2.4% compared to 2022, a percentage even lower than the assumptions made in previous reports.

The forecast is part of a very particular context in which, on the one hand, IT spending by small consumers has significantly decreased compared to the pandemic period, while, on the other hand, business companies are increasing their investments.

Inflation due to poor socio-economic conditions has caused a drop in the device market, which has led to the phenomenon of mass layoffs that we have seen since last year. Compared to the pandemic period, when demand for home devices increased due to the shift to remote work and education, today businesses and individuals are refreshing their devices at a much slower pace.

IT budgets, however, are not suffering from the current recession, and organizations continue to drive infrastructure modernization.

It's not just software spending that is rising: companies are investing in the IT consulting market to support new implementations. Due to talent shortages, organizations are forced to rely on external vendors to implement their services and renew infrastructure.

From the point of view of internal skills growth, CIOs face enormous difficulties in the process of acquiring specialized personnel: most talent chose service and technology providers that can offer real career opportunities, leaving companies.

In the face of such a turbulent political context and a very unstable economy, CIOs are reassessing business priorities by lowering the overhead cap. However, this does not involve the IT department which, at least in business reality, still receives huge investments.

Digital transformation is thus reconfirmed at the top of the business priorities that want to be better prepared to face the challenges of innovation.

Source: Tom's Hardware