Technology spending will pick up in 2004 after the protracted slump in the wake of the dot.com crash, leading consultancy Gartner has forecast.
Gartner predicts increased technology spending to 2006
"2004 will be the year that companies make the turn from
protecting profitability to driving growth," said Gartner's chief executive Michael Fleisher.
Connecticut-based Gartner advised 10,000 corporate-technology purchasing-officers to spend on wireless networks, web services and other technologies.
Gartner forecasts global technology spending will grow 5.4% to $2.4 trillion (£1.44 trillion) in 2004.
Mr Fleisher said new technology changes would also mean increased spending in 2005 and 2006.
Wireless and broadband access and low-demand electrical devices will foster an explosion of new applications and technologies, reshaping where and how people work.
He said: "We believe that 2006 will look as different when compared with 2003 as 2003 looks when compared with 1999.
"What is true of a driving motorcycle is also true of driving a business.
"Close your eyes for 10 seconds and you'll be okay. But, if the road turns, you're dead."
Looking further into the future, he said a quarter of all technology jobs will be centered in low-cost, developing-world countries like India by 2008.
He advised firms to continue to cut costs by switching to lower-cost PC hardware and outsourcing software and services to
lower-cost technology suppliers, often based overseas.