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IT report suggests a number of industry concerns, but offers some optimism as well

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Montvale-based Data Inc. has released its 2014-15 IT report survey, which highlights a cautious optimism among the information technology sector.

That notion backed up last year’s report, which forecast a 66 percent increase in spending in the IT sector.

Still, the new report says, the industry faced its share of challenges that continue to affect IT vendors and have “the potential to inhibit growth.”

The report highlights three major contributors to the potential inhibition. They include:

  • Increased competition for skilled labor — With employment improving, the competition for top workers has intensified. The report lists a “lack of experts” as one of the biggest challenges for the IT industry, second only to cost.
  • Satisfaction with IT vendors — More competition, meaning more options, has created greater dissatisfaction with IT vendors.
  • Evolving rules and regulations — New laws, including the Affordable Care Act and immigration reform, are constantly reshaping the landscape IT companies operate within.

These factors have caused the optimism of the 2013-14 report to dissipate, Data Inc. said.

Just 56 percent of the respondents to the 2015 survey said IT spending will grow in the coming year, down 10 percentage points from the year-ago figure.

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Write to the Editorial Department at editorial@njbiz.com

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