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 …

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?).

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Re: Out of interest

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

And did they make any money on the Grand National?

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Anonymous Coward

Re: Out of interest

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

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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.

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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"

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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.

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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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Ahh Gartner

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

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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..

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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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