Analysts report that they are seeing an upsurge of investment in growth in technology. Up until this point, corporate investment in technology has been focused on cutting costs rather than promoting growth. This change comes at a time when the Tech industry is experiencing a modest recovery and job growth. Some analysts predict that there will be a 5 percent increase in worldwide spending on technology and related services in 2004. More U.S. tech companies are turning to outsourcing in order to stay competitive in the industry.
See Barbara Rose, Chicago Tribune, January 4, 2004