Latest economy publications
Investment in new tech by businesses is likely to increase despite uncertainty from the coronavirus pandemic, new research suggests.
A survey of IT professionals by CWJobs as part of its annual Confidence Index found that almost half (49%) of senior staff believe they will increase their tech budget in the wake of the outbreak.
Electrical equipment and data centre infrastructure giant Schneider Electric has said the financial impact of coronavirus on its quarterly revenues could reach €300m after factory closures in China temporarily halted production.
The company was forced to shut down facilities in China in response to the outbreak, 80 percent of which have now reopened.
Wider economic downturn finally hits the typically resilient tech sector Growth in the UK tech economy has eased for the first time in seven years, with Brexit uncertainty and cuts to corporate spending blamed. The KPMG UK Tech Monitor Index, which measures the economic strength of the sector, revealed growth had dropped from 54.4 points… Read More
Fall in demand centring around China will pinch semiconductor revenues through 2019, IDC says After back-to-back years of strong growth, semiconductor revenues will decline this year, according to IDC’s latest update to its semiconductor forecaster. The IT market research specialist predicts worldwide semiconductor revenue to decline to $440 billion (£342 billion), a 7.2 percent drop… Read More
More than 20 experts across industry, academia and the public sector will look at how to boost AI’s positive impact on the economy The Government has confirmed the line-up of its new Artificial Intelligence (AI) Council, the independent committee that will discuss how to promote the adoption and ethical use of the technology. Co-founder of… Read More