 INFORMATION TECHNOLOGY
Information Technology is gradually pervading every sector of the economy.
The IT industry is helping to meet the insatiable need for information acquisition and management: building an integrated supply chain between industrial and commercial partners, selling on line, providing effective means of delivering an ever more customised range of products and services, securing the flows of information, and bringing new leisure sensations and experiences, enabling the tracking of goods ...
What does the Information Technology industry entail ?
Information Technology encompasses all activities involving the processing, altering and conveying of information in any form. It includes semiconductor makers, hardware manufacturers, telecom equipment providers and operators as well as software editors and service providers and excludes the media sectors.
How big is the Information Technology industry worlwide ?
The IT industry turned over USD 2,450 billion worldwide in 2003 and is growing on average at five times the rate of the world’s economy. The world’s Information Technology industry is already over half the size of the GNP of Japan (the second largest in the world).
Are there any limits to how far semiconductors can develop ?
The power of integrated circuits has tended to double roughly every 18 months at constant prices for the past 20 years. This rule can be extrapolated until 2010. These performance gains help to explain the proliferation of increasingly miniaturised, highly functional and interconnected devices at ever lower prices.
What are
the factors that will bolster corporate investment
in IT ?
The opportunities created by the automation of data streams and external processes are just as important to the corporate sector as the upheavals witnessed over the past few years.
What are the next growth catalysts ?
- Mobile solution are innovative and high-growth spaces thanks to innovation in wireless solutions (Bluetooth, WI-FI, WiMax, GPRS/EDGE,…) and semiconductor. This fuels a growing demand for ever smaller, lighter and useful products.
- Growth potential for Digital Consumer Electronics is intact: ADSL/ADSL2+, VDSL, WI-FI, Digital camera and video, DVD player and recorder, digital TV … The renewal by consumers of their TV and Recorder products is key to this growing market and the convergence of the products fuels new needs.
- A revolution is starting for retailers with RFID technology. This technology will help optimise the supply chain, improve the safety of products and raise productivity.
- Information Technology penetrates into smaller companies, public administration and non-profit organisations. Web applications provide access to better tools for these organisations.
- Emerging countries have a growing share in technology spendings.
- Cars utilise a growing number of IT solution to attract consumers with improved safety and comfort.
- Defense systems are more sophisticated and migrate towards an information system.
Why invest now ?
The attitude of most investors towards Information Technology is higly emotional. This industry is in perpetual motion, but while it generates strong growth, the leading players keep changing on a regular basis. This leads to unreasonably high expectations followed by irrational rejection. Should one need to be reminded - it was in the midst of a PC crisis in the 80’ that Apple (1981), Microsoft (1986) and Oracle (1986) were first listed on the stock market!
Why invest with IT Asset Management ?
IT Asset Management has proven to be a consistent and successful fund manager for more than a decade :
- a specialised and stable management team with complementary skill sets,
- fund managers who are also co-owners of the company,
- robust methodology and unstinting discipline,
- transparent management policy founded on strong moral convictions,
- an excellent track record,
- an organisation which is customer focused.
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