Wednesday 13 May 2015

Innovation Wave Prompts Many Companies to Increase IT Spending and Hiring, New CompTIA Research Reveals

Innovation Wave Prompts Many Companies to Increase IT Spending and Hiring, New CompTIA Research Reveal:

Issues in various countries surveyed for the Adoption of International Technology Trends CompTIA study and supply of major projects increases in IT spending over the next year. Almost a quarter of all firms (23 percent) say hiking spending 10 percent or more.
Participants in the study of CompTIA, India tops the list of companies expect to increase spending by 6.9 percent on average in 2015. Close behind Brazil (6.8 percent), Malaysia (6, 7 percent), Middle East, Oman, Saudi Arabia and the United Arab Emirates (6.6 percent) and South Africa (6.5 percent) Emirates.

For US companies surveyed, the average increase in 2015 IT spending is 5.4 percent; for Canadian companies, 5.3 percent.
"Companies are increasingly evaluating IT as a crucial factor for success," said Tim Herbert, vice president of research and market intelligence, CompTIA. "They see technology as the main contributor to its ability to meet the key strategic priorities, both to reach new customers, control costs, improve productivity and become more innovative."
Hand in hand with investment in new technology solutions, recruiting collect in several markets is expected. The study reveals that 48 percent of companies plan to increase their hiring CompTIA IT staff during 2015. The most optimistic hiring forecasts of large organizations (500 or more employees), where 57 percent expected to add the staff this year; and businesses in mature economies (63 percent).
Opportunities created by the rapid pace of innovation is somewhat offset by the challenges of trying to keep up. Only 15 percent of companies say they are exactly where they want to be with the use of technology. Another 41 percent say they are very close, but still leaves a significant number of companies that need improvement on many fronts technology.
Similarly, about two-thirds of all firms are concerned about the quantity and quality of the IT workforce. Recruitment challenges are particularly acute in mature economies, where a net 83 percent of organizations concerned about their ability to find workers with the right combination of skills and experience.
The CompTIA report contains some good news on the front of the competitions. The vast majority of organizations (92 percent) say their IT staff is engaged in some form of training over the past year. This study significantly in 2013, when the figure was 72 percent.
"There is no magic solution to bridge differences of ability," said Amy Carrado, director, research and market intelligence, CompTIA. "Building and maintaining talent requires a concerted effort, resources and time."
 

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