13 Apr Obama boosts tech spending and enthusiasm, report says
Washington’s increased focus on technology is boosting spending and enthusiasm, according to a new report.
Compass Intelligence released a report Wednesday, saying that private IT spending will get a boost from increased focus on federal IT modernization, policies promoting innovation, and stimulus spending that will flow to IT companies.
The report states that President Obama has created a sense of optimism among IT providers who believe that the president “gets it.” The industry has already felt some positive impact from plans for direct government spending on IT and from government promoting technology, the report states.
Last year, the federal government spent $129 billion on IT, and that figure is expected to rise at a moderate pace of 4.27% annually through 2013, when spending will reach $159 billion, according to the report.
Read full article>>