Believe It or Not: Info Tech Is Fairing Better
September 20, 2011
In “The IT economy vs. the rest of the economy,” Eric Knorr of InfoWorld shows that given the current economic situation, IT is doing remarkably well.
“First-quarter growth for the U.S. economy overall was an abysmal 1.8 percent. But in July, IDC raised its 2011 U.S. outlook for IT spending to a 7 percent increase over 2010 — with 37.5 percent growth expected in worldwide smartphone sales. And while U.S. unemployment refuses to dip below 9 percent, unemployment in the technology sector remains well below 5 percent.”
There are some points of uncertainty, and specific areas of IT may suffer as a result of the general recession. Search and content processing companies are likely to be harder hit. Executive changes, inexplicable product, service repositioning, and crazy marketing assertions–each is a sign of stress on the market.
Knorr concludes with advice to IT professionals to stay sharp, watch the emerging trends, and take the initiative to retrain or cross-train within the tech world. Perhaps these are characteristics that have helped IT weather the storm in general. Technology, by its nature, has to be flexible and innovative. Companies and individuals who are willing to reinvent themselves survive.
Our view is that Mr. Knorr way want to talk to some of the search and content processing companies’ new senior management. Those folks have jobs because the incumbents were not fairing better.
Emily Rae Aldridge, September 20, 2011
Sponsored by Pandia.com, publishers of The New Landscape of Enterprise Search
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
