Yes, Virginia, Tech Spending Does Drop in Recessions
Some cheerful chatter out there about how tech spending won't drop in a recession because companies need computers, Blackberries, etc., as much as they need, say, electricity. Keep dreaming. Tech spending got smashed in the last recession, and it will get smashed in this one.
Evidence? This chart produced by the late, great Merrill Lynch analyst Steve Milunovich. (No, thankfully Steve is not dead. He's just left Wall Street for public relations). The year-over-year growth of tech spending is the fat blue line. Recessions are shaded gray.
Evidence? This chart produced by the late, great Merrill Lynch analyst Steve Milunovich. (No, thankfully Steve is not dead. He's just left Wall Street for public relations). The year-over-year growth of tech spending is the fat blue line. Recessions are shaded gray.
I lot of what we want to offer revolves around alternatives to travel like e-commerce, portable media, etc.
I think a lot of companies no matter the size should look at the benefits of tech in troubling times. Maybe not the kind of tech involves huge business growth like constructing server farms but rather tech that makes one more efficient and helps one get more bang for the buck.