IT and the economic downturn

Taking this clip from the Economist of 15 January 2009 the report shows that for IT, the recession will have a fairly neutral impact. Could we even say that there are "green shoots"? We could say that the leading edge technologies that will emerge from this recession are led by a very different approach to IT delivery.

clipped from www.economist.com Microsoft and IBM would soon both get rid of about 16,000 employees each, 17% and 4% respectively of their workforces. If true, these would be some of the biggest cuts in the history of the information-technology (IT) industry. Is the industry heading for a worse downturn than the one that followed the internet crash in 2001? some forecasters still expect global IT spending to grow this year, at least when you allow for currency fluctuations. Forrester expects an increase of 3%. many reasons why spending is more robust IT market has become more global China and India is expected to continue to grow Today IT departments are much less prone to wasting money the industry’s big companies are better managed and have more cash on hand SaaS and other computing services supplied online, and collectively called “cloud computing”, have become better and more widespread commoditisation and standardisation are creating new platforms for innovation be ready for another of its high-growth phases