OnForce: Reduced Business IT Spending Hurting Profits

  • By

    Jessica Davis

No Title
While IT field service professionals are pessimistic about the economy, nearly 25 percent have seen an increase in business during these tough times.
You may already know this, but it's tough times for technology professionals today. A new survey shows just over 51 percent of IT field service professionals said that reduced business spending and few IT service job opportunities has hurt their bottom lines. Online technology talent marketplace OnForce has launched this new quarterly study that measures business confidence. Called the OnForce IT Field Services Confidence Index, the study shows that entrepreneurs in IT field services are pessimistic about the current economic situation. "These small businesses are on the front lines of the IT industry and are a great indicator of what's really happening in IT," said Peter Cannone, CEO of OnForce. "This new index adds a clear, quantitative measure that will give the industry a way to move beyond broad generalizations and anecdotes." Here's a look at what they said, including the silver linings reveal an underlying optimism.
This article was originally published on 2011-10-18
Jessica Davis covers the channel for eWeek and Channel Insider. Her technology journalism career began well before anyone heard of the World Wide Web and has included stints at Infoworld, Electronic News/EDN, and the Philadelphia Business Journal. Her work has also appeared on CNN and Forbes.com. She has covered hardware, software and networking, as well as the business side of technology. She has won several journalism awards, including a national ASBPE award for best staff-written column, and was named Marketing Computers hardest working tech journalist on their inaugural list of top tech journalists. Jessica can be reached at jessica.davis@ziffdavisenterprise.com