re: America's Investment Crisis
There's investment in IT innovation and then there's keep-the-lights-on IT budgets and same-old, same-old ways of doing things. In the applications arena businesses are trying to get away from building and maintaining customizations that don't add much value. In BI and data-warehousing the push is to spread access and capabilities to business users. The reality, however, is that there's still lots of wasted spending keeping the lights on, maintaining creaky old code, and building queries and reports for users rather than giving them tools so they can do it on their own.
I'm fine with the idea of spending on innovation, but cost pressure on IT budgets is not a bad thing. It forces IT to crack down on wasteful spending and approaches, and that in itself often leads to innovation. In summary, avoid blank-check IT "investment" and instead target places to invest where new technology is promising and places to crack down where costs are out of line if not out of control.