100 seconds with Chris Astley on the challenges facing technology companies
“Technology companies have seen the steepest drop in business activity since the global financial crisis over a decade ago.”
In our 100 seconds video, Chris Astley looks at the results of the latest KPMG UK Tech Monitor Index and discusses the impact of COVID-19 in the technology sector.
In the first quarter of 2020, technology firms saw a rapid fall in non-essential corporate spending. Together with business closure this resulted in many non-essential projects being cancelled as companies focussed on crisis management. But, while business confidence has fallen sharply, it remains stronger than for most other areas of the economy.
“We’re likely to see more people working remotely.”
As we move into recovery, we can expect:
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