Forecasting the ICT Industry Trend
Introduction:
There is no doubt that the Information and Communication Technology (ICT) industry has been and still is changing through time. The ICT industry is going at a fast pace as the products and services of the industry continue to be upgraded or replaced frequently. For ICT businesses to succeed they need to keep up and be up to date with what is going on in the industry, they also ought to be able to predict the future trend of their business relative to the future of the industry. This forecasting prediction helps to define organizational goals, missions, objectives, and future contingencies (Shaw, 2001, p. 117).