The Internet Cloud and Telecom angle: Global IT spending to reach $3.6 trillion

Global IT spending is to reach $3.6 trillion in 2012 up from $3.5 trillion in 2011 according to Gartner that is about a 2.86%  growth. Here are some things to consider in these numbers:

  • Cloud means Internet : Following the previous post about what jobs cannot be outsourced from the USA, the cloud means that the data or material is available on the Internet via a password as in Dropbox, Carbonite and other Internet backup services. So what you put up can be worked on from India,Poland or Russia.Think about all the specific tasks you can get done at low cost from overseas. This apart from your own people being able to access a common database. Here comes to mind as an example, every member of the sales team can acces the status of every sales lead no matter where they are in the world.
  • IT spending is 23% of US Debt: The US Debt is estimated at $15.88  trillion  as of writing this post. Somehow trillion is a unit that reminds one of  the  US debt. Thus, IT spending in the world is over a fifth of US debt and means that global organizations, both public and private, are thinking cost and efficiencies as they spend this kind of money. All the more reason to think about the Internet and what it means for your profession.
  • Telecom is $2 Trillion: A full 2/3 of the expenditures are are on telecom and services and that is great news for telecom companies.  It is likely that a lot of this money is being spent outside the US.Wireless and mobile is going to be huge, further improving communication and making the world flatter. Embracing this trend worldwide is a huge opportunity for the US entrepreneur and innovator. You can look up the time at another world location on your smart phone and can connect almost free with a partner almost anywhere in the world. In fact, Skype allows you to have video calls for free from your smart phone.

All in all an exciting forecast, full of global opportunities for US business. Contact StratoServe.

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