• Industry News

    Survey: IT Investment Growth to Continue in Variety of Technologies

    The high-tech sector has undergone a complete shakeup in recent years, with innovative technologies completely revamping the industry. But those innovations have also spurred increases in IT investment, a trend that is expected to continue through at least 2014, according to a recent Zinnov survey.

    “With $30 billion already in IT investments in India, this is a very positive sentiment coming out from Indian IT decision-makers,” said Praveen Bhadada, director of market expansion at Zinnov.

    The study found that IT investment is expected to jump 20 percent year over year in 2013 and 2014, with those increases driven largely by newer technologies. Business intelligence and big data programs were the top-cited priority for IT decision-makers, cited by 60 percent of respondents. Cloud computing/virtualization and enterprise mobility checked in at second and third on the list, garnering votes by 51 percent and 49 percent of respondents, respectively.

    In particular, big data analytics are projected to surge in popularity, with Gartner estimating that it will lead to $34 billion in IT investment in 2013 alone.

    “There’s a lot of opportunity in big data,” Hung LeHong, research vice president at Gartner, recently told IT World Canada. LeHong pointed to his company’s recent study that found that big data analytics could produce 4.4 million IT jobs worldwide by 2015. At the same time, however, there is expected to be a shortage of candidates to fill two-thirds of those big data-related roles.

    In response to some of those issues – including the lack of big data scientists and growing security concerns – many companies have chosen to outsource IT services. According to the Zinnov study, for instance, organizations in India leverage IT service companies for nearly 60 percent of their business processes.