The IT Industry Gets Into the Political Swing of Things

By Don Reisinger  |  Posted 10-19-2012

The IT Industry Gets Into the Political Swing of Things

A whopping three-quarters of IT leaders say that they believe President Barack Obama will be reelected this November, according to DLA Piper.

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That said, 64 percent of respondents said that they believe Mitt Romney would actually be better for the technology economy.

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What’s worse, 6 in 10 respondents said that they don’t believe a second Obama term will positively impact the technology industry.

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The so-called Bush-era tax cuts, which are set to expire next year, are integral to technology investment, the respondents said. According to DLA Piper, 60 percent of IT leaders say that if the cuts are allowed to expire, investment in the technology sector will decline.

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That said, 33 percent of respondents said that the expiration of the tax cuts will have no material impact on the growth of the technology sector.

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Looking at the economy as a whole, 72 percent of technology leaders say that they expect their companies’ sales to increase over the next year.

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In addition, 50 percent of respondents said that they plan “moderate hiring increases” over the next year.

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Another 27 percent of respondents say that they expect staffing levels to stay flat.

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Looking at market opportunities, DLA Piper found that IT respondents ranked mobile computing as their biggest future opportunity.

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Cloud computing and big data were called the second- and third-biggest market opportunities in the coming years.

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