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Economy

44% of CIOs Expect a U-Shaped Recovery Due to COVID-19

Source: https://etr.plus/articles/covid-19-recovery-type-may-2020

ETR launched its Summer Emerging Technology Study last Thursday afternoon to gauge CIO sentiment levels across 300+ private enterprise technology companies. As a follow up, we asked these same high-level IT decision makers to provide insight as to the type of recovery their organization expects due to COVID-19. Specifically, we gauged whether their organization is expecting a V-shaped, U-shaped, or L-shaped recovery due to COVID-19.

This survey will be in the field for another week, and you can track the type of recovery organizations are expecting due to COVID-19 daily, as well as the recovery forecast by industry vertical, through this custom analytics model on ETR+.

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V-shaped: Sharp, brief decline/deceleration in revenue, followed by a strong recovery in 2H 2020

U-shaped: Decline/deceleration in revenue for 2-3 quarters, followed by growth in 2021

L-shaped: Decline/deceleration in revenue for 3+ quarters, followed by moderate growth for many quarters thereafter

None of the above: Organization is seeing and will continue experiencing an acceleration in revenue due to COVID-19

Based on the preliminary data, 44% of CIOs currently expect a U-shaped recovery due to COVID-19; 15% anticipate an L-shaped recovery, 14% expect a V-shaped recovery, and 16% indicated ‘none of the above’ (i.e., these organizations are seeing and will continue experiencing an acceleration in revenue due to COVID-19). Though most CIOs only anticipate 2-3 quarters of decline or a deceleration in revenue (U-shaped), they continue to be cautiously optimistic about 2021. We say cautiously optimistic as dozens of CIOs that indicated a U-shaped recovery noted their recovery outlook for 2021 is based on the economy picking up, effective government action, no additional lock downs, and the availability of a vaccine. In the absence of one or more of these, it’s fair to assume that these CIOs may change their expected recovery outlook.

We’ll be generating additional insight next week as to whether organizations anticipate permanent changes within their organizations due to COVID-19, as well as which sectors/vendors are screening best in the emerging technology space.

To learn more about the data behind this article and what ETR Research has to offer, visit https://etr.plus/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.