Realty Times

Community-driven eMagazine and Social Media Portal

Cost of Operations to upsurge the ICT Budget in Italy

Italian economy showed great signs of possible economic turnaround in the early 2016. Italian enterprises are investing in business intelligence (BI) to derive knowledge from the growing volume of unstructured data, enabling the top management to deliver strategic decisions. Enterprises look to retain customers and expand the involvement of vendors to improve their supply chain management.

Production on “ICT investment trends in Italy; Enterprise ICT spending patterns through to the end of 2017,” offers insights on ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 105 Italian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Italy. The report aims to offer a superior understanding to ICT vendors and service suppliers when contributing their solutions to enterprises in Italy. Moreover the publication provides an in-depth analysis of the Italian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers’ priorities and the current strategic objectives of Italian enterprises which will further help every individual from regional to foreign to realign their strategies.

Italy is the 3rd-largest national economy in the Euro Zone, the 8th-largest by nominal GDP on the planet, and the 12th-largest by GDP. The country is one of the founding members of the European Union. Its closest trade ties are with the other countries of the European Union. It is one of the world’s most industrialized regions, and a leading country in world trade and exports. The country enjoys a very high standard of living, according to the Human Development Index, moreover, it has the world’s 8th highest quality of life according to The Economist.

Despite the above important achievements, the nation’s economy today suffers from structural and non-structural problems. After strong GDP growth in 1945–1990, the last two decades’ average annual growth rates lacked below the EU average; moreover, Italy was hit particularly hard by the recession of late-2000s. The stagnation in economic growth, and the political efforts to rejuvenate it with massive government spending from the 1980s onwards, eventually manufactured a major rise in public debt. After fighting a delayed recession, Italian economy showed some signs of possible monetary turnaround in the mid 2016 permitting the associations to consider expanding the investment relating to information and communication technology.

As indicated by the overview, Italian endeavors are putting resources into business Intelligence (BI) to get bits of knowledge from the developing volume of unstructured information, empowering the top management to deliver strategic decisions. All this while, analytics and information warehousing are the most noticeable BI devices that are gaining expanded consideration from Italian enterprises. The business objectives of ‘increase customer satisfaction’ and ‘enhance supplier intimacy’ are gaining more prominent consideration from Italian undertakings as they want to retain clients and enhance the involvement of sellers to enhance their supply chain management.

Ken Research
Ankur Gupta, Head Marketing & Communications