Blade Watch

Microsoft 

October 5, 2009 Global IT research firm International Data Corporation (IDC) and Microsoft Corp. today released the results of global research measuring the information technology (IT) industry’s contributions to local economies. The IDC study, commissioned by Microsoft, investigates the contribution of IT to gross domestic product (GDP), job creation in the IT industry, employment in the software sector, formation of new companies, local IT spending, and tax revenues in 52 countries, representing 98 percent of total worldwide IT spending.

The research found that in the UK, Microsoft and its ecosystem of local partners, vendors and service providers are a major catalyst of local economic growth and opportunity, during both the current economic difficulties and recovery. “In this fundamental economic reset, innovative technologies will play a vital role in driving productivity gains and enabling the creation of new local businesses and highly skilled jobs that fuel economic recovery and support sustainable economic growth,” said Steve Ballmer, CEO of Microsoft. 

Check out this article from Microsoft illustrating how investment in IT will help with the economic recovery, certainly the recent announcements about the disintegration of the banks over the next few years should create further demand for IT services and investment.

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