For those who are unfamiliar, there is a scenario in which the United Kingdom could exit from the European Union following the referendum in the U.K. on June 23/1016.
As in other mature economies, IT spend is increasingly fueled by multiple
factors including Bigdata, cloud, mobile, analytics and social media
technologies.
It is also indispensable to recall that, many organizations are locked into multi-year
software licensing agreements and outsourcing deals that would be unlikely to
be cancelled or radically restructured in the short term.
According to
Andrea Siviero, Senior Research Analyst for the IDC European
Industry Solutions team, ‘’financial services, manufacturing, and retail and wholesale would be
the industries whose IT spend could be more negatively affected by a Brexit
decision."
He also added:"Restructuring the financial single market
on one side and the impact on the U.K. current account on the other could
potentially lead these three industry sectors to struggle if the U.K. exits
from the European Union."