This will be a tough year for the economy as a whole, but there are areas in IT that can look forward to a boom in spending.
This is according to Chris Hart, chief economist for Investment Solutions, and Roy Blume, IT research manager for BMI-TechKnowledge. They addressed the ITWeb IT Confidence event, in Midrand, this morning.
Both Hart and Blume identified construction and education as sectors that will continue to spend on IT, despite constraints by the likes of Eskom.
"The building boom will continue, not withstanding what Eskom is doing," said Hart.
Furthermore, he said: "Education is ripe for an improvement. It has not been performing and it will start to look at technology."
Blume added that the private healthcare sector and government would also be drivers for ICT spend.
In addition, he said financial institutions would continue to invest in CRM technology as they look to differentiate themselves.
While there will be sectors of the South African economy that face recession conditions, IT can create pockets of excellence for itself, noted Blume and Hart.
"We have had these bumps in the past and they are usually quite short-term in nature," said Hart, referring to general negative market sentiments.
"Big business is still quite optimistic in terms of their IT spend, which is said to be in the region of 2% to 3% of capital expenditure," added Blume.
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