Organizations of all sizes and industries rely on numerous technologies on a daily basis to operate. A recent Gartner report suggested worldwide IT spending will reach $3.8 trillion in 2015, up 2.4 percent from 2014. The research firm noted, however, that this forecast is actually down from its initial 3.9 percent projection. Gartner attributed the rising U.S. dollar as a main factor behind this lower growth.
John-David Lovelock, research vice president at Gartner, indicated the reduced IT spending outlook is not as significant as it may appear on the surface.
"The rising U.S. dollar is chiefly responsible for the change - in constant currency terms the downward revision is only 0.1 percent," Lovelock said. "Stripping out the impact of exchange rate movements, the corresponding constant-currency growth figure is 3.7 percent, which compares with 3.8 percent in the previous quarter's forecast."
All IT sectors are improving
Gartner's report further predicted that all of the segments included in the Information Technology sector - telecommunications, devices, data centers, enterprises software and IT services - will improve between 2014 and 2015.
Enterprise software is expected to achieve the largest year-over-year growth, experiencing 5.5 percent improvement, followed by devices with 5.1 percent. IT services will increase 2.5 percent, while data center systems should grow by 1.8 percent. Telecommunications are expected to increase 0.7 percent.
"Cloud computing in particular will likely influence its fair share of IT verticals in 2015."
Cloud computing in particular will likely influence its fair share of IT verticals in 2015. Gartner suggested the cloud is directly responsible for the fluctuating data center market. Companies are adopting cloud services faster than previously anticipated.
The enterprise software segment, which includes solutions such as financial management and customer relationship management suites, will experience steep competition between vendors offering on-premise equipment and hosted services.
Maximize your company's IT investments
Companies focusing on technology solutions in 2015 need to be selective when choosing a technology partner. Business leaders need to look for a company that can not only provide the solutions needed, but have the resources and skill set to properly implement and maintain the solution once its been deployed. Many solution providers boast robust technology software, however, not all of them have the business acumen or expertise to back it up.
The worst thing a business could do is heavily invest in a solution that is not properly deployed. Without a team of knowledgeable professionals working to onboard new technologies, businesses could experience frustrating system interruptions, vendor miscommunication, and minimal post-deployment support.
To get the most out of your technology initiatives in 2015, you need a technology partner that has a defined onboarding process and proven track record of successful implementations. Additionally, your technology partner should be able to support your systems long after they've been deployed.
Pinnacle, an Advanced Imaging Solutions company, provides technology solutions that enable business to be more productive, agile, and profitable. We take a personalized approach to understanding our client's current infrastructure, processes, and operational needs. This allows us to make recommendations that help position the client on a successful path.
With Pinnacle as your preferred technology solutions partner, you can focus on what you do best, and have the peace of mind that your IT needs are being handled by experienced professionals. Contact us today to learn more about our technology solutions.