Forrester Research said it had nearly doubled its projection for IT spending growth this year, from 2.2% to 3.9% in the second half of 2002. Driven by pent-up demand, corporate IT spending will help push the tech sector ahead by 10.4% this year, up from 9.7%.
And by the last half of 2003, new technologies like web services and internet-connected consumer devices will reinvigorate the entire sector – growth rate is expected to reach 12.5% in 2004, up from 11.8%.
New standards like XML and SOAP will lower the costs of system connectivity and ever-cheaper integrated circuits will drive internet connections into everyday devices by 2005.
The study also found consumers increased online purchases by 12% in 2001, while the average company bought 9.5% of materials on the web in the fourth quarter of 2001, up from 7.1% in the third quarter.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
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