A Tech Market on the Mend
The return of a pulse to the technology market after three moribund years was certainly the biggest story of 2003, writes eWEEK's Eric Lundquist.The return of a pulse to the technology market after three moribund years was certainly the biggest story of 2003. Economic prognosticators put much of their effort into answering three questions. Are we in a recession? Are we coming out of the recession? How long will the good times last? However, far less analysis is expended concerning how this recovery will be different from those of the past. The huge increases in bandwidth and storage capacity provide the foundation for shifting technology development locationsand jobsin a manner that remains contentious. Another story was a paradox. At the same time that concern about viruses, bugs and computer security reached an all-time high, consumer purchasing via the Web continued to grow. Forrester Research predicts this Thanksgiving-to-Christmas period will see consumers spending $12.2 billion online, for a 42 percent year-to-year increase.
Virus writers and hackers continue to become more adept at finding security holes, and the constant rounds of warnings have led to low expectations that vendors will solve their problems. On the consumer side, the belief that credit transactions will take place securely is in evidence this holiday season. At present, people are more confident in doing their personal business and shopping via the Internet than they are in putting their companys operations on the Web.