IT Q3 Report Card: Financial Crisis Impacting IT Decision-Making

 
 
By Chris Preimesberger  |  Posted 2008-10-29 Email Print this article Print
 
 
 
 
 
 
 

How is IT in general holding up in this volatile environment, and what are the prospects of various sectors going forward? That's what everyone wants to know, and about which few people are willing to go out on a limb and make predictions.

OK, so we've endured about 60 days of the zig-zagging U.S. macroeconomy, and now we have a number of quarterly financial reports to view as early evidence about how bad the damage may be. How is IT in general holding up in this volatile environment, and what are the prospects of various sectors going forward?

That's what everyone wants to know, and about which few people are willing to go out on a limb and make predictions.

A few weeks ago, we took a cursory look at several areas within IT that seem to be positioned well despite the downturn, such as risk management, data storage, e-discovery, secure- and managed file transfer, e-mail archiving and enterprise search. Tools and online help involving all of these services are going to be needed by a large number of businesses in the recovery that inevitably will follow.

A survey of C-level executives conducted by venture capital law firm DLA Piper concluded that a majority of them believe that the U.S. economy downturn will last anywhere from 12 to 24 months but that it won't be nearly as deep and hurtful to IT as was during the 2000-2003 tech bubble.

A PriceWaterhouseCoopers security study finds that despite the economy, technology security spending will not dry up, although security implications may stall the enterprise adoption of cloud computing.

There are more stories of this kind sprinkled in the pages here at eWEEK, and others are certainly in the offing. We know that our readers are very interested in hearing what industry leaders have to say about all of this; eWEEK's page views have increased markedly this month, and certainly a lot of this interest is directly related to this topic and our coverage of it.



 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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