IT spending forecasts improve, finds UBS

09:49 21st July 2009

According to research by financial services firm UBS, business bosses are more confident about spending on IT systems than previously thought.

The firm polled 100 chief information officers (CIOs) and found that instead of a five per cent decline they predict spending will only contract by three per cent, reports Reuters.

CIOs in the US were most optimistic according to the UBS study, which also noted three-quarters (77 per cent) of firms are keen to look at Cisco's new products.

UBS revealed that despite the continued economic difficulties companies are now keen to replace their old IT infrastructure.

By studying on a computer course during the downturn a worker could retrain and return to employment looking for networking careers.

Upon starting work it is still likely staff will be using Microsoft computers - results today reveal that even following a strong performance, rival computer maker Apple still only has an 8.7 per cent market share.

With all the new skills in place, many of which can be learnt through distance learning, workers could find themselves far more employable.

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