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Gartner Says Conditions Are Perfect for Bold Moves Into the Networked Economy
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LAKE BUENA VISTA, Fla., October 16, 2000…According to Gartner Group, Inc. (NYSE: IT and IT), the United States is experiencing a sustained period of economic growth, full employment and low inflation that have created perfect conditions for heavily investing in and deploying technology of the emerging networked economy. At a time when financial advisors are cautious due to dot-com company problems and market fluctuations, Gartner analysts advise bullish strategies and execution toward the networked economy.
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One indicator of the emerging networked economy is Gartner's forecast for the application service provider (ASP) industry, which is poised to grow 2,400 percent -- from $1 billion in 1999 to $25.3 billion by 2004. According to Gartner, the ASP market represents a major computing revolution with the power to dramatically redraw today's IT ecosystem based on the delivery of application services over a network.
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"If you are deploying technology, it doesn't get better than this," said Michael D. Fleisher, Gartner's CEO. "Technologists and business executives have an immediate opportunity to increase the revenue and market valuation of their companies."
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"There has never been a better environment to make bold moves toward the networked economy," said Gartner Research Fellow Kenneth McGee. "We have perfect conditions for technology breakthroughs, the only variable is the guts and conviction of business leaders in the wake of dot-com hysteria."
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One example of how the networked economy will deliver a wealth of business opportunity is the way in which companies can track and report earnings to Wall Street, according to Gartner's "The Perfect Economy Report." Income statements will be used to predict fortunes, not just report them:
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- By 2005, the first company will report its quarterly earnings BEFORE the end of the quarter.
- During the next five years, companies reporting earnings before the end of the quarter will use the earlier-than-expected increase in market capitalization of their stock to buy competitors and other companies that must wait to report quarterly earnings weeks after the end of the quarter.
- By 2010, stock trading will not be based on the likelihood of a company attaining its quarterly earnings estimate, but rather by its ability to close its books and announce its earnings per share on a DAILY basis.
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About Symposium/ITxpo
Gartner's Symposium/ITxpo is the IT industry's largest and most strategic conference, providing business leaders with a look today at the future of IT. For more than 10,000 IT professionals from the world's leading enterprises, Gartner's two annual Symposium/ITxpo events are key components of their annual planning efforts, and a place to gain insights into how their organizations can use technology to address business challenges and improve operational efficiency. For more information online, go to www.gartner.com/symposium.
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About Gartner
Gartner provides unrivaled thought leadership for more than 10,000 organizations, helping clients to achieve their business objectives through the intelligent and efficient use of technology. Additionally, Gartner helps technology companies identify and maximize technology market opportunities. Gartner's technology content and strong brand reach IT professionals globally through Gartner Research, its research and advisory unit, Gartner Services, its custom consulting unit; Gartner Events, including Gartner's renowned Symposia; and, at www.gartner.com. Gartner subsidiary TechRepublic, Inc. (
www.techrepublic.com) is the leading online destination developed exclusively for IT professionals by IT professionals. Gartner, founded in 1979 and headquartered in Stamford, Connecticut, achieved fiscal 1999 revenues of $734 million. Gartner's 4,000 associates, including 1,200 research analysts and consultants, are in more than 80 locations worldwide. For more information about Gartner's industry-leading products and services, please visit us on the Web at www.gartner.com.
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