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ARTICLE · 19 MARCH 2024

Strategies For The Tech Sector In 2024

Foley & Lardner LLP
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After two very difficult years in the tech sector, everyone is hoping for a comeback.

United StatesTechnology
Louis Lehot
Louis Lehot
Andre Thiollier
Andre Thiollier
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After two very difficult years in the tech sector, everyone is hoping for a comeback. We are looking at a more positive economic climate, the prospect of interest rates dropping, and there is much less talk of a recession. There is a renewed optimism that we could be entering a recovery stage for the tech sector, although it will likely be slow growth to start.

With that said, Deloitte has released its 2024 Technology Industry Outlook, outlining the strategies and areas of focus they expect from tech leaders in the coming year. In a survey Deloitte conducted with tech executives, 55% feel the tech sector is healthy or very healthy today, and 62% feel it will be there in 6 months. Deloitte indicated further that their top priority in 2024 is efficiency, followed by innovation and productivity, and then growth. It is very telling that 62% feel this is the right time for their company to take risks.

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