Consulting in the age of recession

Navigating the Technology Landscape in Times of Economic Uncertainty: Invenics' Strategic Consulting Expertise

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3 Nov 2022

In the face of looming recession concerns, there is a notable uptick in demand for consulting services. Projections suggest that technology spending, both in the business and consumer sectors, is poised to increase by 4.3% in constant currencies for 2023 and by 8.8% in 2024.

Despite economic uncertainties, there is a significant drive among companies to streamline their operations and reduce expenditures. However, IT investments are expected to continue their upward trajectory.

In the visual representation below, sourced from the Gartner IT Market Databook for 2023, you can observe the global IT spending forecast, comparing 2022 expenditures and growth with the expected figures for 2023 and 2024.

World wide it spending forecast

In the current landscape of economic uncertainty, consulting services are gaining prominence. At Invenics, we offer strategic and actionable technology advisory services to help businesses achieve their objectives and successfully execute vital technology projects. Our support extends from initial planning and architectural design to project delivery and ongoing management.

We collaborate closely with your IT teams, business stakeholders, and service ecosystem to conduct a thorough analysis. This allows us to provide independent and customized technology consulting advice tailored to your unique business goals.

consulting in the age of recessionNotably, Invenics recently played a pivotal role in assisting a European manufacturing OEM with a turnover of £500 million in developing a robust cloud migration strategy.

Our consulting expertise is particularly focused on the following areas:

For additional information and inquiries, please do not hesitate to get in touch with our Associate Director, Rajiv Bedi at rajiv.bedi@invenics.com