Although the adoption of new technologies can seem exciting, businesses need to be sure that the methods they have chosen won’t reduce growth.
Businesses throughout Australia and the world are continuing to embrace new technologies, but caution has been urged to ensure that growth isn’t impacted in the rush to get ahead.
This bodes well for the IT services industry. As more technology is adopted, more service professionals are needed to keep it all running smoothly. It is positive news for jobseekers as it promotes continued employment opportunities in the industry.
Future technology provides a challenge for the industry
The race to adopt new technologies does have its downside however, as growth can be impeded if they are taken on too quickly without proper management. This is particularly noticeable with ‘third platform’ trends such as mobile, cloud computing and big data, which can cause a drain on financial and time resources during implementation due to their complexity.
While this is expected to slow growth, it won’t eliminate it all together. According to research specialist Gartner, attempts to integrate these systems within businesses will slow IT industry growth from early projections of 2.8 per cent to 2.2 per cent.
This isn’t necessarily bad news for the industry, as it provides a warning for businesses before it is too late. With growth still to continue, companies have time to reevaluate. The firm estimates that 2014’s expenditure figure of $17.4 billion will increase to $19.6 billion by 2019, a substantial amount of growth even with the rate’s decrease.
“It’s easy for organisations to get caught up in the race to implement emerging technologies. However, organisations must be cautious and carefully analyse how these technologies fit into their existing enterprise IT portfolio,” warns Prabhitha Dcruz, market analyst for IT services research at IDC.
“In this context, establishing a clear business case is crucial to gain success from investments in third platform technologies.”