Doomsayers Wrong Again
Each year about now, prophets of doom arise to predict the end of the IT industry.Each year about now, prophets of doom arise to predict the end of the IT industry. Two years ago, they warned about Y2K remediation, which would suck up all the investment dollars and leave IT projects on ice. Y2K wasnt free, but it didnt stop the process of trying to bring technology to bear on business goals. Last year, the IT investment killer was dot-com companies. Their frictionless attack against established companies would leave traditional ITand much of the traditional economyin a swoon. How silly that all now seems in an era of new stock market lows. Kudos to the traditional managers who kept their eyes on the slow but steady improvement in productivity that technology investment is all about.
This year, the bugaboo is the return of a familiar fiend: the economy. The seers divine a slowdown in the economy. Mom and Dad arent buying the new computer for Junior this holiday season, and the economy is going into a tailspin.