Innovations in technology are going to change the way small tech companies do business now and in the future. With solutions such as the cloud, mobile devices and integrated software solutions, managers at these small tech firms must understand what technologies they must invest in to keep up with the competition.
The current economic problems have been a roadblock for many firms looking to purchase new technologies, but the recent turnaround has small tech companies ready to make the necessary investments, according to recent research conducted by Gartner.
"Uncertainties surrounding prospects for an upturn in global economic growth are the major retardants to IT growth," said Richard Gordon, managing vice president at Gartner. "This uncertainty has caused the pessimistic business and consumer sentiment throughout the world."
IT investments expected to grow
The data revealed worldwide IT spending is projected to total $3.7 trillion in 2013, a 4.2 percent increase from 2012. Mobile devices and enterprise software are expected to grow the most in the upcoming year, increasing 6.3 percent and 6.4 percent, respectively.
While these investments can certainly be helpful, small tech firms should always have protections such as cyberliability insurance policies to give them an opportunity to support these purchases. The times when tech firms are limiting their spending are changing due to an uptick in the worldwide economy.
"However, much of this uncertainty is nearing resolution, and as it does, we look for accelerated spending growth in 2013 compared to 2012," said Gordon.
The rise of the tablet is fast and furious
Many experts expected investments in worldwide device spending to grow to higher levels than the Gartner report. This is due to the firms ditching PCs and purchasing tablets as their first device, and PCs are at a much higher price point than tablets and other mobile devices, reported IDG News Service.
"The main reason [for the lowered growth estimate] is that the shift away from the traditional PC form factors, the desktop and the laptop, toward new form factors, most notably the tablet, is happening a lot faster than we thought," Gordon told IDG News Service.