IT Execs Confident in Industry’s Future, Yet They Worry

thumbnail IT Execs Confident in Industry’s Future, Yet They Worry

IT confidence Overall IT Industry Picture The overall IT Industry Business Confidence Index is 62.1, up nearly two points from last quarter. Technology Sector vs. Overall Economy The rating of the tech-industry economy on the part of IT execs is 66, compared with a 54.1 rating for the U.S. economy among those IT execs. Full […]

Nov 18, 2014
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IT confidence

1 - Overall IT Industry PictureOverall IT Industry Picture

The overall IT Industry Business Confidence Index is 62.1, up nearly two points from last quarter.

2 - Technology Sector vs. Overall EconomyTechnology Sector vs. Overall Economy

The rating of the tech-industry economy on the part of IT execs is 66, compared with a 54.1 rating for the U.S. economy among those IT execs.

3 - Full Speed AheadFull Speed Ahead

61% of large IT firms rate their own companies positively overall in terms of confidence in future performance/growth, while 64% of midsize firms and 60% of small firms do the same.

4 - Top Potential Growth Inhibitors: Purchase DecisionTop Potential Growth Inhibitors: Purchase Decision

45% of IT industry execs list the possibility of reduced spending on the part of price-sensitive customers as a top, potential growth inhibitor for the near future.

5 - Top Potential Growth Inhibitors: Margin CallTop Potential Growth Inhibitors: Margin Call

38% are nervous about the IT industry getting squeezed by decreasing margins.

6 - Top Potential Growth Inhibitors: Political ConsiderationsTop Potential Growth Inhibitors: Political Considerations

33% say government regulation and/or gridlock could emerge as a major inhibitor.

7 - Top Potential Growth Inhibitors: Drag TimeTop Potential Growth Inhibitors: Drag Time

24% are concerned about the possibility of lengthy sales cycles.

8 - Top Potential Growth Inhibitors: Malaise DaysTop Potential Growth Inhibitors: Malaise Days

24% cite a general lack of confidence/paralysis as a top concern.

9 - Top Potential Growth Inhibitors: Talent GapTop Potential Growth Inhibitors: Talent Gap

24% fear that a lack of available skilled workers and/or labor costs could hurt future growth.

10 - Top Potential Growth Inhibitors: Change AgentsTop Potential Growth Inhibitors: Change Agents

23% view disruptive tech or business models as a top potential obstacle.

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