Economic outlook remains largely gloomy for IT professionals

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Economic outlook remains largely gloomy for IT professionals

Steve Bell

Despite early signs of economic recovery IT professionals remain gloomy about the immediate outlook, with many feeling that the economy remains in recession.

A survey of 1,000 IT decision makers carried out by Spiceworks revealed that only 30% of SME IT professionals believed the economy was heading for better times.

That said, their peers in enterprise sized organisations are a little more optimistic with 40% believing that the recession is behind them.

Unsurprisingly IT professionals in large organisations are also more optimistic that the UK will return to pre-crash levels within the next five years.

Interestingly, IT professionals in both SMEs and large organisations agree that government policies will drive growth in 2014. Greater investment in technology education and skills, workplace training, and a focus on supporting technology businesses were cited as the main drivers.

IT professionals are also united against increased government cutbacks which they believe threatens growth. That said, there is also a belief among 49% of SME IT professionals about government’s superfast broadband initiative is a growth supporting policy. Only 19% of their peers at the enterprise level agree.

In spite of general concerns about economic recovery IT professionals across the board are optimistic about revenue growth opportunities in 2014. 64% of IT professionals in large organisations and 50% of IT professionals in SMEs expect revenues to increase next year.

However, whether the UK has sufficient technology workers to help drive growth appears the majority of respondents felt not with less than half in both large enterprises and SMEs are confident that the UK has the requisite skills.

At the same time there is a greater swathe of pessimism about hiring. Only 27% of large organisation IT professionals and 39%t of IT professionals in SMEs expect headcount to increase next year.


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