On Air The Late Show Stu Peters | 10:00PM - 1:00AM

TMT's can be trailblazers say Grant Thornton

Latest IBR published

Uncertainty may be mounting for mid-sized technology, media and telecoms (TMT) businesses but there is every reason for business optimism, according to a new report by Grant Thornton.

The optimism of more than 450 TMT leaders in nearly 40 economies – surveyed as part of the latest International Business Report (IBR) – fell from 45 per cent to net 29 per cent in the first half of 2019 with expectations around revenues, profits and employment also taking a hit.

However, Grant Thornton Isle of Man believes mid-sized businesses actually have the opportunity to act as trailblazers as companies look to transform their digital and technological offerings.

Lisa Lord, an Associate Director at the Athol Street-based firm, says businesses in other industries have looked to new technologies as the path to transformation and the TMT industry can also ride out the turbulence and thrive.

 

More from Isle of Man Business