Technology Innovation Worth the Investment

By Eric Lundquist  |  Posted 2008-06-02 Email

Niraj Patel, Founding Partner of Witmer Partners LLC, sees a lot of opportunity from IT perspective, despite the sagging economy. New products are developed due to pressure to innovate and cut costs. CIOs must step cautiously as the technology industry consolidates, but innovative companies are worth more of a look now, he said. Innovations in retail, open source and mobile technology are looking attractive to financial investors and venture capitalists. Key indicator is how much value the new products are bringing to the customer. eWeek Editor at Large Eric Lundquist spoke with Patel at the MIT Sloan CIO Summit recently.

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Since 1996, Eric Lundquist has been Editor in Chief of eWEEK, which includes domestic, international and online editions. As eWEEK's EIC, Lundquist oversees a staff of nearly 40 editors, reporters and Labs analysts covering product, services and companies in the high-technology community. He is a frequent speaker at industry gatherings and user events and sits on numerous advisory boards. Eric writes the popular weekly column, 'Up Front,' and he is a confidant of eWEEK's Spencer F. Katt gossip columnist.

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