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Health care is a bright spot in the IT budget gloom
- TAGS:budget, budgets, economy, health care, health IT, IT spending, manufacturing, retail
- IT TOPICS:Management
IT budgets will obviously be under great stress in this economic climate, but not necessarily in every vertical industry. Analysts at Datamonitor say the health care industry is a rare bright spot.
While the retail and manufacturing industries are suffering from high interest rates, falling domestic demand, inflation and higher commodity prices, the healthcare industry is planning significant spending increases in 2009, with 57% of respondents in the industry saying they plan to expand IT expenditure.
In Western Europe, the US and Japan, the aging “baby boom” generation is starting to increase demand on the health services, leading to rising costs for national and private health systems. In an attempt to address this, the healthcare industry is currently investing in new technologies which will enable them to cut costs in the long run and provide more efficient care.
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