Top three Information Technology stocks that are best to purchase this year

To profit from IT or Information Technology this year includes purchasing the right IT stocks. Information Technology has been a hot issue for decades now. It has helped a lot of investors make successful retirement portfolios as well as create plenty of wealth in the future. IT programs abound as the sector grows and evolves continuously.

HOW TO PROFIT IN THE IT SECTOR THIS YEAR

While information technology is indeed a profitable endeavor these days, it also is a risky one wherein investors could walk into a trap at each turn. That is why, metaphorically speaking, it is necessary to separate the dry chaff from the golden wheat in this field. There are actually three top IT socks this year that offer more rewards than risk at this moment. Diving deeper this year, technology is seeping to almost each and every aspect of people’s daily lives. From travel to retail and transportation, hardly anything is just purely analog these days. From a perspective of an investor, this is quite an opportunity. The tech sector still boast a lot of opportunity for investors in the four corners of the globe. While there are a lot of great Silicon Valley companies, these three names for one reason or another appear to be the best technology stocks to buy for 2017.

ALPHABET LOG BANNER

Nowadays, people are aware of Alphabet as the parent company of Google, the internet search and advertising giant. Under the consumer-friendly brand, Alphabet also runs plenty of services that at are directly aimed at corporate customers. The prime example of this is online advertising, followed by cloud-computing services as well as advanced machine learning tools. Google’s umbrella encompasses 99 percent of the revenue of Alphabet at present. However, this is going to change later on. Less the ‘other bets’ division, there will be no need to wrap Google in the Alphabet structure. This aspect works on diverse areas as self-driving cars, medical research and high-speed connectivity services. In ten years, chances are that Alphabet would look much different from the online titan people are used to. It aims to be a cross-sector conglomerate, an impressive set of loosely connected services and products, wherein the common denominator tying the entire group together is data-driven research. In the years to come, this is a winning strategy. The conglomerate idea frees Alphabet to begin from the robust platform of technology and cash that Google has built and point in new directions as situations allow. Alphabet has the second biggest market cap on the world, but still has plenty of room for growth in years and years to come. Rest assured to be very comfortable buying Alphabet shares this year.

AKAMAI TECHNOLOGIES

Diving deeper into security services, Akamai runs a global network of content delivery services that are based on installed specialized caching servers installed in data centers and connection hubs worldwide. The caches used to hasten download of big files, which include digital video, high-resolution graphics. Media customers accounted for the lion’s share of the sales of the company. As of this year, Akamai is allowing smaller rival Limelight Networks take much media traffic, which used to mean a lot, providing Limelight a new lease on life while Akamai aims towards a security market that is more profitable. The same caching servers could serve as effective cure for DDoS or distributed denial of service attacks. Businesses and organizations need solutions that could defend against massive botnets exploiting thousands and millions of online devices. This is a field wherein the unique architecture of Akamai, as well as its ongoing investments in global security and innovative continue making an important difference. In 2016, the cloud security sales of Akamai skyrocketed 44 percent higher and is showing no signs of slowing this year. The media delivery income plunged 10 percent lower, yet the company appears to be comfortable with the new calling. The company strikes a profit with no sweat. Furthermore, the security-focused future appears bright.

HEWLETT PACKARD ENTERPRISE

Hewlett Packard Enterprise could be considered business-as the oriented side of the old Hewlett-Packard. In 2015, the enterprise segment was spun out as a separate business, leaving HP Inc. to handle printers and consumer products. The two enterprises still are joined in a lot of ways and can stand to put more space between, but investors at least have the chance to concentrate on one particular aspect of the sprawling operations of the old company. Hewlett Packard Enterprise has moved towards refining its strategic plan and double down on opportunities that are highly profitable within is wheelhouse. It spun out the low-margin enterprise services operations to merge with Computer Sciences Corporation. It creates the DXC Technology, a new business entity. Soon, the catering sales of the software division followed, moving out towards Micro Focus, a UK-based sector peer in a deal of $8.8 billion. A meaner, leaner company turned around to acquire Nimble Storage, a flash-based storage specialist for $1 billion. The revamped Hewlett Packard Enterprise is almost pure play on enterprise services with a little side of financing operations. It focuses on big-iron server systems, enterprise-class storage solutions and consulting services required to run a data center that is HP-powered. Moving forward, the company trades almost half of its yearly income for much bigger profit margins and clearer business focus. One could buy into the evolving business at affordable prices, along with a dividing policy that is reasonably generous. This is a pick in the IT sector that is low-risk now that the corporate makeover is completed. It is ideal for investors who have short patience for surprises and volatility along the way.

Supporting the software industry of Bangladesh with Indian cooperation

Supporting the software industry of Bangladesh with Indian cooperation, which is a better alternative for a modern government. The Dhaka Tribune on April announced several new agreements inked between India and Bangladesh. Among the agreements were two of interest to the local Information Technology industry, particularly cooperation in the area of electronics and IT as well as cooperation in the cyber-security field.

COMPUTER SOFTWARE INDUSTRY TRENDS SHAPING UP BANGLADESH’S INDUSTRY 

The agreements between Bangladesh and India hopefully would be fulfilled in a way that would allow the IT industry of Bangladesh to progress from its currently being a foreign-independent state, wherein most local IT sales are just re-sales or IT products distribution from multi-national vendors. One key to allow progress for the IT industry of Bangladesh is to put emphasis on the use of open-source, free technology locally, therefore averting the effective tax on the local IT industry that the foreign products represent.

When a local company sells a foreign proprietary software, a huge portion of the income just goes abroad to a foreign software supplier. The software license tax reduces revenue effectively and profit of the local Information Technology industry. On one hand, if the computer has free/open-source software, like the Linux operating system and LibreOffice spreadsheet, word processor, presentation suite, there will be no foreign software payment, and a huge portion of the local Information Technology purchase will stay in the local economy. Open source, free software is pure import substitution given the traditional reliance on imported software, with great possible benefits for Bangladesh.

The concern with a free, open-source software such as LibreOffice or Linux is that nobody has heard of the products and thus they will doubt the capabilities, regardless of the fact that large government organizations such as the French Gendarmerie or the military police migrated 72,000 computers to LibreOffice and Linux. When it comes to cyber-security, a 2014 investigation done by the United Kingdom government found Ubuntu Linux as the desktop operating system that is most secure. A main focus of the deals that have been inked with India must be to make a free, open-source software such as LibreOffice and Linux the default Information Technology solutions at all levels of the government of Bangladesh.

With the software industry growth rate, there are a lot of opportunities to acquire Indian assistance with open-source, free software since India already has taken several steps to inspire or encourage the use of LibreOffice and Linux in the government level. The CDAC or Centre for Development of Advanced Computing in Chennai maintains its own Debian Linux version customized for the Indian market under Bharat Operating System Solution name. As part of the recently signed agreement, the government of Bangladesh must set up at least one center for open-source, free software development and research that is similar to CDAC. The center must be in Dhaka since this is the place that has the most skilled manpower. Furthermore, it would produce a Linux version for use by all the personnel of the Bangladesh government. Additionally, there should also be Linux/LibreOffice training centers opened in every division and later on in every district, with a goal of training all government personnel on how to use LibreOffice and Linux. India also has a National Resource Center for open-source, free software that coordinates work on Linux at CDAC and other academic and research institutions as well.

Moreover, Bangladesh requires a government agency assigned to the exploration of the use of free, open-source software across universities, schools and all government agencies. The software procurement process of the government must specify that free, open-source solutions must always be taken into consideration first as a means of minimizing national dependency on foreign technology vendors. India has such a policy. Tamil Nadu, an Indian state already has begun using Linux on 30,000 computers, saving a lot of money in the costs of software licensing. It’s noteworthy that the word ‘free’ in open source software implies not only free cost but freedom from commercial dependence on multi-national software vendors as well. To put emphasis on this, the founder of the free software movement’s Richard Stallman’s ultimately created Linux is called Free as in Freedom.

As a matter of fact, without computers, it’s impossible to run a modern government, thus it’s not acceptable that sovereign countries such as Bangladesh forever will be cost and freedom. dependent on foreign IT vendors, particularly when the Linux option offers both zero cost and freedom. IT, which evolved from the merger of telecommunications, computers and office automation technologies is one of the fastest growing industries worldwide. Furthermore, the industry is one of the essential IT industry components with a worldwide market of $276 billion in 1996. It’s still hugely dependent on human resources and several developing countries are taking advantage of the opportunity. One of the most successful countries in developing its own software industry is India, thus, Bangladesh is looking to boost its local software industry with India’s cooperation.