A former collegiate athlete and wide receiver coach for both the University of New Hampshire and Harvard University, Evan Loring now draws on his leadership skills to serve as a senior manager at Congruity. As a member of the Pembroke, Massachusetts, business consulting firm, Evan Loring assists large enterprises in planning their annual spending in the critical area of information technology.
A recent report from International Data Corporation (IDC) suggests that IT spending throughout the global business sector will continue to exhibit strong growth in 2017. According to analysis by the market research firm, the year will see companies spend some $2.4 trillion on technology services and infrastructure, marking a 3.5 percent increase from 2016.
IDC projects that the major drivers of this growth will be the discrete manufacturing and banking sectors. These verticals are poised to generate approximately 30 percent of all IT revenue, with banking standing out as one of the fastest-growing industries in terms of IT spending. Government agencies and telecommunications firms will also account for a large portion of this spending. However, it is worth noting that health care, media, and professional services companies are currently the fastest-growing contributors to international IT revenue.
