The U.S. economy is recovering and IT spending may soon revive, but the return to growth is fragile and fraught with pitfalls, said William Schaff, CEO and chief investment officer at Bay Isle Financial Corp. "Long-term trends for IT spending appear to be intact. That shows where our productivity gains continue to come from," said Schaff, an InformationWeek columnist. But employment is still contracting, and the heavy national debt will make its weight felt if the dollar continues to decline against the euro and the Japanese yen.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.