An improving U.S. economy and pent-up demand after years of austerity will combine to fuel IT spending growth in 2004, research firm IDC predicts.
According to the report, “IDC Predictions 2004: New IT Growth Wave, New Game Plan,” released Thursday, IT spending will grow by between 6 percent and 8 percent in 2004, creating a “tech resurrection” in a year that will also see a continuation of trends such as off-shore outsourcing of IT services, wireless technology adoption, and brisk consumer spending on new media technologies. (full story)
My spin: No one can predict the future, but IDC and other firms sure try. It was intersting to read, towards the bottom of the article (click full story) to read the two “hyped” technologies:
“In the “mind the hype” category, IDC singled out utility computing and RFID (radio frequency identification) technology.”
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