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Forecast decline in global IT spending will force CIOs to get smart with budgets

From Computing.co.uk

"Economic uncertainties are forcing IT leaders to 'tighten their belts' when it comes to technology spending in 2016, challenging them to find ways to pursue digital transformation on limited budgets.

The latest forecast from Gartner said that IT spending across the world will reach $3.49 trillion in 2016, a decline of 0.5% against the $3.5 trillion spent in 2015.

John-David Lovelock, a research vice president at Gartner, attributed the decline to economic challenges, but noted that IT leaders need to overcome these if they are to pursue the trend of digital transformation and keep enterprises relevant in a world of disruptive technology and start-ups.

‘There is an undercurrent of economic uncertainty that is driving organisations to tighten their belts, and IT spending is one of the casualties,’ he said.”

Read more at Computing.co.uk


NCC Weekly News Update 12 April 2016 

 

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