A digital skills gap signals a rebound in tech services spending
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Recent survey data from Enterprise Technology Research shows that enterprise tech spending is tracking with projected U.S. GDP growth at 6% to 7% this year. And many markers continue to point the way to a strong recovery including hiring trends and the loosening of frozen information technology project budgets.
However, skills shortages are blocking progress at some companies, which bodes well for an increased reliance on external IT services. Moreover, while there’s much talk about the rotation out of work-from-home plays such as videoconferencing, virtual desktop infrastructure and other remote worker tech, we see organizations still trying to figure out the ideal balance between funding headquarters investments that have been neglected and getting hybrid work right. In particular, the talent gap combined with a digital mandate means companies face some tough decisions as to how to fund the future while serving existing customers and transforming culturally.