Gartner Says India IT Spending To Reach $71.5 Billion In 2013

 

 

While IT is the primary driver of business growth, concerns around the economic slowdown are gathering strength and are a matter of concern. In Gartner’s latest CEO survey, 85 percent of CEOs believe they will be negatively impacted by the global economic slowdown. However, IT will remain well supported by CEOs compared with other areas of investment. Two-thirds of CEOs believe IT will make a greater contribution in their industries in the next 10 years than in any prior decade. Despite the troubled global economy, 40 percent of CEOs intend to raise their investment in IT. Eighty percent of them can name a company that is using IT-related innovation for competitive advantage. This has a cascading impact on the role of a CIO who will now have to think strategically and having a direct contribution in the way business works and the way the global economy develops.

“We live and work in an age of incredible promise. An age unleashed by a nexus of forces; social, mobile, information and cloud. While there is economic uncertainty there is also enormous opportunity. IT is at the center of every business, every government agency from the backend and the edge, directly to the customer. These forces are innovative and disruptive just taken on their own, but brought together, they are revolutionizing business and society,” Sondergaard said. “This nexus defines the next age of computing. To understand this change, you must appreciate each of the forces.”

 

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