Election 2024: Implications to the tech industry if Kamala Harris or Donald Trump wins - SiliconANGLE

UPDATED 15:20 EDT / NOVEMBER 01 2024

GUEST COLUMN by Zeus Kerravala

Next week, the U.S. will have its presidential election, and Donald Trump versus Kamala Harris is as close a race as we have ever had in this country. As the election has drawn closer, I’ve talked with many information technology and business leaders who are watching closely as there are implications for the technology industry.

This is clearly on the minds of IT leaders today. A recent EY study found that 74% of the business leaders in the tech industry believe the results of the upcoming election will have a major impact on the U.S. tech sector’s ability to stay ahead of global competition.

As a point of clarity, I’m not calling a winner, nor am I stating one is better than the other – instead, I am pointing out the pros and cons of a Republican versus Democratic win. I think it’s important to evaluate how their respective policies might shape the future of technology. Each candidate brings distinct approaches that could transform the industry’s regulatory landscape, innovation strategies, and global competitiveness:

The trajectory of the tech industry under either Kamala Harris or Donald Trump will largely depend on their policy priorities and legislative cooperation. Each potential leader presents an interesting mix of opportunities and challenges. A Trump win will likely mean business-friendly tax policies and deregulation but with trade challenges. On the other hand, Harris could drive innovation focused on sustainability and inclusivity, albeit with increased regulation and tax implications.

Business and technology leaders and other stakeholders must prepare for these divergent paths and adapt their strategies accordingly to be successful in the shifting political landscape. As the election unfolds, the tech industry must stay agile, leveraging potential advantages while mitigating risks associated with each candidate’s vision for the country and the world’s future.

Zeus Kerravala is a principal analyst at ZK Research, a division of Kerravala Consulting. He wrote this article for SiliconANGLE.

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