Taking a byte from the IT sector

Updated: July 30, 2020 | 2 minute read

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Taking a byte from the IT sector

On the 27th August 2015, the Malta Business Observer featured an article about the IT Sector citing comments from Nexia BT’s IT team.

The IT sector in Malta is flourishing, with revenues of €694 million in 2014, an increase of 10.2% over the previous year. Over the past decade, its share of Malta’s gross value added has more than quadrupled, from 2.18% to 10.0%. But this success has brought with it intense competition, with many firms seeking niche markets to survive and grow.

“Everyone recognises IT as important, but unfortunately it is often merely regarded as a cost centre. Often businesses engage in expensive IT investments or go to the other extreme where not enough investment to support business growth is undertaken,”.

“Often, when disasters strike and not enough planning would have been done to mitigate the situations, it would be too late to salvage matters as the damage would already have been done. Through our approach, we analyse how IT strategy is aligned with business strategy, and then we design controls to measure the effectiveness of this alignment. Clients that acted on the report findings have reported immediate benefits such as process efficiency, resource optimisation and therefore cost savings.”

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Link to the full article.


Why choose Nexia BT?

Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.

As a reputable organisation of over 25 years standing and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 115 countries, we are optimally positioned to offer global expertise.

Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.

Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.

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