IT industry outlook trending upward
Wednesday, May 02, 2012
The information technology industry has continued to thrive despite the current economic outlook. IT nonprofit organization CompTIA recently announced findings of its IT Business Confidence Index and positive sentiment is growing throughout the market.
CompTIA said the latest index is currently at a 56.7 out of 100, which represents a 4.6 point improvement from the previous study. Feelings about the current economic, IT industry and company outlook is at its highest level in more than a year.
Cloud computing is expected to play a key role in the growth of the IT industry. Of the organizations surveyed by CompTIA, more than 40 percent plan to increase spending for new products and business initiatives in the next six month. Forty-two percent said more funding will be allocated toward upgrading their data center to the cloud.
Businesses of all sizes are turning to cloud computing to upgrade their IT infrastructure and boost database performance. The U.S. government has also identified the technology as essential to its operations. The MeriTalk Cloud Computing Exchange, a community of federal cloud computing experts, recently announced that agencies will spend nearly $80 billion for the cloud in 2016.