Monday, January 12, 2015

My predictions for 2015 - 2016 for the New Zealand economy with a focus on IT projects

I know, it's a bit late being that today is Monday 12th January 2015. However, it is my first day back at work after an amazing break during the Christmas and New Year festivities. Here in New Zealand, we have been exposed to great summer weather.

While the fishing hasn't been too good, I have spent considerable time cycling and trying to get fit again. With over 1,100km's in the last six weeks, I'm probably the fittest I've been in a few years. Now, let's see if I can keep it up with my often busy work schedule.

I go into the year with a great deal of optimism. Over the past 12 to 18 months, the New Zealand economy has been gaining strength. The New Zealand dollar is currently strong against the USD and the AUD.

I'm predicting that this year, the Information Technology sector will place the industry in a good position for boom times in 2016. There are a number of large projects that will suck up skilled IT workers. The largest being a 2 billion dollar project with Inland Revenue (the New Zealand tax department). If I recall correctly, the project was awarded to Accenture during 2014. As with all good government projects, the budget will probably double and lead to a mess ahead of the next election for a new government. Good news for the pockets of those of us in IT.

It is my understanding that there will be a couple of other significant IT projects within the private sector that will also compete for resources. Then there are a number of start-ups like Xero and Vend who seem to be adding to the current strain on IT resources. All this should make for an interesting couple of years.

So, in a nutshell, my prediction is for a strong and fruitful 2015 as projects gear up to lead us into a bumper 2016.

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