The American Recovery and Reinvestment Act (ARRA) recently signed into law by President Obama is going to spark growth and opportunities in the technology sector.-the winners that will gain from the large amounts of government money are Healthcare IT and Smart Grid Technology.,

 

The ARRA includes over $4.3 billion in spending specifically earmarked for smart-grid technology, which will enhance how electricity and alternative energy is distributed and managed. The spending slated for this sector will cover a wide range of technologies, including:

 

·IT and communications hardware

·Smart meters and other intelligent devices

·Applications software to operate the grid

·Software to manage the large amounts of data )meter and grid data)

·Advanced energy storage systems

·Services required to plan, integrate and deploy these technologies

 

Also in the ARRA is approximately $20 billion in funding for healthcare IT and incentives for doctors and hospitals that implement and use electronic medical records systems.