In general, it is fair to say that uncertainty in wider economic markets tends to produce inertia, as companies wait for further developments to suggest the best path forward. Once the period of uncertainty is over, business-as-usual begins again.

The present situation following the Brexit vote is already producing significant uncertainty, which is likely to affect Britain’s economy, as discretionary activities (for example spending and hiring) are put on hold, pending a clearer picture of the future.

This will have an effect on IT – both in terms of sales for providers of goods and services and on costs for organisational consumers of the same. Gartner, the largest and most respected analyst in the IT sector has estimated Brexit will reduce the value of technology spending in the UK by $4.6Bn this year – a shift from growth to decline. In addition, sterling is likely to endure an extended period of volatility, which Gartner believes will lead to US vendors in particular raising prices to protect against reduced margins due to currency.

Whilst none of this is good news for our clients, it highlights the importance of focusing on costs and in this case, technology. Expense Reduction Analysts has a portfolio of technology-related services, specifically created to achieve:

  • Reduction of ongoing IT costs
  • Best value in initial purchase/rental of products and services
  • Ensure short, medium and long term value for money
  • Protecting clients’ investment in technology by minimising risk

Between now and the end of this calendar year is the best time to engage with us, to ensure the above benefits are made available fully, in such a way that the business remains lean and competitive, fully supported by current and future technology investment, with as little risk as possible. We can help clients best, when they engage with us prior to making further investment in technology, as we will then be able to make the greatest impact on their behalf in both capital expenditure and ongoing operational expenditure. As always, the technology practice is busy and clients are urged to act quickly in order to ensure resource is available.

Contact us for more information.