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Investment – are we missing something?

| Posted by: Paul Donovan | Tags: Paul Donovan Weekly

  • Companies are doing more and more online. They are spending
    increasingly less of their investment budgets on technology. How is
    this consistent?
  • Companies are relying on their employees to use their own devices
    for work. They can invest less in technology and instead have their
    employees subsidize shareholders.
  • Consumer spending on technology does not necessarily rise. Instead
    consumers use their own devices more intensively. (The capacity
    utilization rate rises.)
  • This is just the start. The recent UBS Nobel Perspectives Live! event
    stressed that technology is important for how it changes established
    ways of working. Investors need to understand that old-fashioned
    data does not necessarily reflect the modern world.