Pollyanna and the Technology Market - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Information Management
Commentary
1/14/2009
09:06 AM
50%
50%

Pollyanna and the Technology Market

The technology sector has been nothing but doom and gloom recently, but a recent report by the Aite Group shines a bit more light on to what is a fairly complex market situation. The report focuses on spending in the capital markets, and considering the spectacular turmoil in that sector over the past year, its a particularly interesting one to read...

The technology sector has been nothing but doom and gloom recently, but a recent report by the Aite Group shines a bit more light on to what is a fairly complex market situation. The report focuses on spending in the capital markets, and considering the spectacular turmoil in that sector over the past year, its a particularly interesting one to read. The skinny on the report is that IT spending will fall by on average 5 percent in 2009. A figure that is fall less severe than one might have expected, yet the logic behind the modesty of this prediction is pretty sound.

Firstly, just because legendary firms disappear and people are laid off, does not mean that information stops being processed. In fact in many cases, mergers and corporate downsizing create more information and more processing, though this is, of course, counterbalanced to some degree by a tail off in new applications and activity. But the initial information volumes remain fairly constant - and by their nature grow incrementally regardless.To put it another way, business via the Web, as well as processing documentation, will remain with us recession or no recession. For sure some expensive upgrade projects will get pushed to the back burner; some firms will be so strapped for cash that they have to cut, cut, cut regardless of the long-term impact. But in general, life goes on, and life in 2009 means more Web interaction, increased use of mobile devices, customer self-service initiatives, electronic forms, documents, and all the related workflows.

To be clear about this - we are in a tough year and it will likely get worse before it gets better - I am no Pollyanna. As businesses we will all need to keep an eye on the budget. My Work at CMS Watch will (and increasingly is) becoming focused on helping our clients to save money, and to make more of what they already have.

Yet, there is no value to be had in painting a picture darker than it actually need be, and as buyers and users of technology, 2009 really could be a great year for you. A year to reassess what you have and what you need. A year in which your leverage as a buyer has never been greater. A year in which good business cases, cases that promise and deliver real business value, will get the attention they deserve. In other words, a year in which content technologies such as enterprise content management, portals and Web content management can really shine and help you to meet the business goals and challenges you face ahead.The technology sector has been nothing but doom and gloom recently, but a recent report by the Aite Group shines a bit more light on to what is a fairly complex market situation. The report focuses on spending in the capital markets, and considering the spectacular turmoil in that sector over the past year, its a particularly interesting one to read...

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Commentary
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
Slideshows
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Slideshows
Flash Poll