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Why Tech Jobs May Fare Better In A Recession This Time
Why sweat a recession? Because three-fourths of economists say there's a 30% chance or higher chance the U.S. economy will slip into recession, the Wall Street Journal reports , citing its poll of 52 economists. The economists overall peg the recession risk at 36%, up from 28% a month ago.
In the last recession, tech jobs were pounded. So here are some factors affecting the U.S. IT job market, and a theory on whether each would have better or worse impact on jobs than during the last downturn, which began in 2002.
Staffing levels: Heading into 2001, before the economic downturn, cutting the IT budget was almost out of the question. Just 5% in our annual Outlook survey planned cuts, while 72% planned increases. By 2003, just 40% planned increases and 25% planned cuts. Since then, companies have kept IT on a shorter leash: many CIOs have kept their IT budgets flat or close to it, delivering cost savings that offset the cost of new IT initiatives.
It's true that hiring has picked up, and U.S. IT employment is higher now than it has been this decade --3.58 million IT pros employed, based on second-quarter Bureau of Labor Statistics, compared with a previous high of 3.46 million in 2001 and a low of 3.29 million in 2004. In our just-published InformationWeek 500 research, 62% of those companies plan to increase spending, 23% to keep it flat, and 15% to decrease. Spending has edged up, but staffs haven't gotten fat. Impact: Better
Virtualization At The Desktop?
Examine how more than 250 companies plan to adopt server virtualization technology in this recent InformationWeek Research report, Server Virtualization.
The BI Explosion
Examine the business intelligence strategies of 500 companies, including deployment drivers and challenges, spending plans, and vendor selection, in this recent InformationWeek Research report.
My Linux Broke -- Is It My Fault?
One of the adages about Linux that gets passed around a lot goes something like, ?It?s a great system, but you really have to know what you?re doing.? The other day, I got a firsthand example of that -- I got bitten by a bug in a package that?s readily available in Ubuntu?s software repository.
Amazon Kills DRM And Puts iTunes On Notice
Digital rights management, otherwise known as DRM, died today, at least as far as music is concerned. Apple CEO Steve Jobs, who deserves credit for calling for the elimination of DRM earlier this year, may come to regret that the competition has taken his advice to heart.
Demo Day 1
Blogging from a live event is a new thing for me. What can I tell you during the event that couldn't possibly wait until the end of the day? Probably not much, but I've got a couple cups of coffee in me and I'm surrounded by people doing the same thing, so here goes...
Path to Profit: Transform your Underwriting Processes Join Insurance & Technology Editorial Director Kathy Burger, Cindy De Armond, Partner, Insurance Industry Practice, IBM Global Business Services, and Mark B. Gorman, Strategic Research Advisor, Insurance, TowerGroup, to gain insights into how integrating analytics and operations can transform the underwriting process.
Utilizing Enterprise Management Systems to Support Lean Manufacturing The pressure on manufacturing organizations has increased dramatically over the last 15 years. Lean manufacturing is now widely adopted as a strategy for focusing on customer value-adding activities through striving towards continuous improvement. This paper explores the increasing role software solutions play in supporting lean manufacturing.