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These four key drivers will cause tech spending to roar back in 2021
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Tech spending is about to roar back.
Following a 4% to 5% contraction in 2020, we expect a 6% to 7% increase in 2021 technology spending. We see four key drivers for that growth:
1) Continued fine-tuning of and investment in digital strategies, such as cloud, security, artificial intelligence, data and automation;
2) Application modernization initiatives, such as containers;
3) Steady remote workforce infrastructure investment; and
4) Pent-up demand for data center infrastructure such as servers, storage and networking on-premises.
The major risk to this scenario remains the pace of reopening. However, even if there are speed bumps to the vaccine rollout and herd immunity, we believe tech spending will grow at least 2 points faster than gross domestic product in 2021, currently forecast at 4.1%.
iPolitics By Janet E Silver. Published on Feb 1, 2021 11:13am Parliament Hill pictured on Jan. 15 (Jolson Lim/iPolitics)
As the number of COVID-related deaths continue to rise in Canada, the toll on mental health across the country has experts in the field actively pushing the government to boost funding for mental health. The Canadian Counselling and Psychotherapy Association is working with Benjamin Howe of Impact Public Affairs to advocate for additional mental health services funding.
The Walt Disney Company has hired Justin Burrows of Geopolitics Group to discuss the government’s bid to overhaul Canada’s broadcasting laws (Bill C-10) as well as its proposal to implement a Digital Charter (Bill C-11).
SolarWinds Attackers Focused on Cyber and Tech Firms
Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms entrusted to find malicious activity in their clients’ networks.
Four cyber-security companies announced this week that they had been targeted as part of the attack, adding to a list of at least eight other tech companies that the hackers tried to breach. Many of the companies said they successfully blocked the attackers, but some others acknowledged that their networks were infiltrated.
Related:
The hackers may have focused on technology and cyber-security companies simply because, after government agencies, they were the next best targets. For hackers, cyber-security companies represent the gatekeepers guarding the computer networks they so desperately wish to exploit, said Allan Liska, senior security arch
SolarWinds Attackers Hit Strategic Targets: Cyber and Tech Firms Four cybersecurity companies announced this week that they had been targeted as part of the attack, adding to a list of at least eight other tech firms.
Bloomberg | Jan 29, 2021
Kartikay Mehrotra and Alyza Sebenius (Bloomberg) Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cybersecurity firms entrusted to find malicious activity in their clients’ networks.
Four cybersecurity companies announced this week that they had been targeted as part of the attack, adding to a list of at least eight other tech companies that the hackers tried to breach. Many of the companies said they successfully blocked the attackers, but some others acknowledged that their networks were infiltrated.
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