Agilex Presents Some Gloomy Info About IT Spending
December 11, 2012
The Federal Times recently reported on predictions of IT spending cuts nationwide in Nicole Blake Johnson’s article, “Experts Predict Billions Less in IT Spending.”
According to the article, TechAmerica foundation has recently downgraded its projected annual IT spending for the year 2017 from $85.7 billion to $73.5 billion. This is due to the fact that overall discretionary spending is being cut and IT spending has a compound annual growth rate of less than 1 percent.
Agencies should plan for fewer and short IT contracts and set their sights on projects that will lead to cost savings.
The article states:
“Most successful will be companies that can respond to OMB’s 2014 budget guidance, which directs agencies to invest in projects that will show a return on investment within 18 months, including projects to improve citizen services or administrative efficiencies, share services, adopt cloud computing, and improve IT security and information assets.”
If accurate, the outlook for search and content processing in 2013 may be less than rosy. Agilex Phanero is a content processing company which sells to the US government. Maybe it will thrive as commercial content processing companies wither and die?
Jasmine Ashton, December 11, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
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