Significant Changes Coming To IT Services Marketplace (with abstract)
| Significant Changes Coming To IT Services Marketplace (with abstract) | |
|---|---|
| Published By | Forbes Articles |
| Publish Date | Jun 29, 2022 |
| Authors | Peter Bendor-Samuel |
| Topics | B2B |
| Statistics | |
| Article Size | words |
| Diagrams | No |
| Downloadable Version | No |
| Reviewers | |
| Page Owner | Nikolay Sidelnikov |
| Summary Author | Nikolay Sidelnikov |
Abstract
The article Significant Changes Coming To IT Services Marketplace published by Forbes discusses the imminent transformation in the IT and engineering services industry driven by economic challenges, the need for modernization, and ESG principles, emphasizing the necessity for companies to maintain and expand their tech talent despite an expected economic downturn and stagflation.
The article describes three challenges.
The first one is about global economic challenges that are affecting the IT and engineering services market by exacerbating the talent shortage and driving wage inflation, leading to a likely stagflation scenario specifically in the tech sector.
The second is about IT modernization and cloud market. The author explains that the IT services market is shifting from broad-based modernization to a focus on specific business value, driving demand for product managers and resulting in a continued talent shortage and aggressive wage inflation for tech roles.
The third challenge is ECG. The text highlights that companies are increasingly integrating environmental, social, and governance (ESG) principles into all departments, focusing on sustainable IT infrastructure, diversity, inclusion, and social responsibility and ensuring their service providers and vendors align with these values.
Full text article: https://www.forbes.com/sites/peterbendorsamuel/2022/06/29/significant-changes-coming-to-it-services-marketplace/
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