back to article Gartner halves tech splash forecasts, blames the US dollar

Data druids at Gartner are defending their soothsaying abilities after being forced to halve the projected rise they forecast for global tech spending for 2017 when an expected slide in the value of the greenback didn’t materialise. “The strong US dollar has cut $67 billion out of our 2017 IT spending forecast,” said research …

  1. deadlockvictim Silver badge

    Out of interest

    How accurate do Gartner's projections tend to be?

    Are they like horoscopes, where one only remembers the ones that were correct (confirmation bias?).

    1. Doctor Syntax Silver badge

      Re: Out of interest

      "How accurate do Gartner's projections tend to be?"

      And did they make any money on the Grand National?

    2. Anonymous Coward
      Anonymous Coward

      Re: Out of interest

      Possibly .... but Gartner don't make enough correct predictions to make a case.

    3. a_yank_lurker Silver badge

      Re: Out of interest

      Accurate if you believe the opposite of what they "predict". Gartner has not figured out the IT industry as a whole is a mature industry with limited growth worldwide. What is happening is some sectors are cannibalizing other sectors, if you are in the growing sector there is an illusion of rapid growth but when combined with declining sectors there is much less net growth.

      1. Anonymous Coward
        Anonymous Coward

        Re: Out of interest

        The strong dollar is just their excuse for being wrong as usual.

        Had the dollar weakened, they'd probably blame the weak dollar for making US companies reluctant to spend, or come up with some reason related to Trump's election or a blister on Bill Gates' toe why "we would have been right if it wasn't for X"

  2. Charlie Clark Silver badge

    Depreciating dollar?

    How did they get to that? The US Federal Reserve has been promising to raise rates for some time now, which, all things being equal means financial inflows and a stronger dollar due to the carry trade if nothing else.

    But, they're not that dumb. It was just the usual wishful thinking and now a vaguely plausible reason for being wrong. Elsewhere consolidation in the industry tells us all that business is slack and money is cheap.

  3. Anonymous Coward
    Anonymous Coward

    For once I feel for Gartner

    Bloody high USD is killing everyone (since World+Dog prices stutff in USD)!

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  5. Kevin Johnston Silver badge

    Ahh Gartner

    The financial world's equivalent of the Guardian's ability to use a spellchecker

    1. Grenou

      Re: Ahh Gartner

      My neighbour works for Gartner, he sure is weird, must be influenced by his company.. or is it the other way around..

  6. DavidHolmesUK

    Please fix the first paragraph!

    I nearly had a heart attack when I read Gardner had been "forced to halve global tech spending projections for 2017." That would have been a $1.75Tn reduction! I was practically celebrating when I realised it was a mere $67Bn drop... I think if you insert 'growth' between spending and projections, that should do the job nicely :-)

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