Credit Suisse has recently published research stating that IT spending should take off in 2014. I agree. Here is some of what they had to say . . .
“Corporate investment in technology is now farther below trend growth than it has been at any point in the last 50 years, despite the fact that American non-financial corporations are sitting on an enormous cash pile of nearly $1.5 trillion. In fact, as a percentage of GDP, corporate spending on technology peaked at 4.6 percent in 2000, but by last year, it had declined to 1995 levels at about 3.4 percent of GDP. But all that is about to change. Credit Suisse’s technology analysts are forecasting a boom in technology spending over the next four years as corporations finally open their wallets again to buy new software, servers and even the endangered species of the technology world – PCs.” (You can see their report here.)
An “boom in technology spending” can include 1) massive PC upgrades as Windows XP reaches its end of life and will no longer be supported by Microsoft after April 2014, 2) spending on servers and data storage to accommodate cloud based services, and 3) the continuing wireless revolution. Aberdeen is daily involved in the hunt for ways to leverage the awakening of the IT giant. Jeb B. Terry, Sr. Sept. 2, 2013