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Economic recovery needs IT, claims IDC

The global economy will be helped to recover from the recent recession by investment in technology, IT outsourcing users have been told.

By Jessie Richards, IHotDesk
Feb 19, 2010
The global economy will be helped to recover from the recent recession by investment in technology, IT outsourcing users have been told.

According to IT analyst IDC, a willingness to invest new information and communications technologies (ICT) will allow businesses to drive economic recovery, as the globe emerges from the most severe recession seen for over 50 years.

The group explained that firms will increasingly capitalise on the benefits that IT can offer, such as improved efficiency, greater growth and more safeguards against repeated crises.

"ICT developments in cloud computing, software as a service, ubiquitous mobility, and Web 2.0 are fundamentally transforming the way enterprises do business," IDC told IT outsourcing users.

John Gantz, chief research officer and senior vice president with the organisation, added that firms which are quick to invest in new IT developments will often create a competitive advantage.

Earlier this month, IDC research claimed that spending on technology is likely to grow by just three per cent in 2010, as companies suffer the aftermath of the economic downturn.

This article was originally posted by ihotdesk and is the property of ihotdesk