IT vendors may be growing increasingly desperate amid the global economic downturn, but customers must employ a range of tactics -- not just bullying -- to extract cost savings from them, a group of Forrester Research analysts said during a client teleconference Wednesday.
Forty-five percent of respondents to a new survey from ChangeWave Research said their companies will spend less or no money on IT during the first quarter of 2009, the highest percentage found by ChangeWave since 2001.
IT organizations consider security, server virtualization and business-related technologies a top priority for 2009, according to research released by The Society for Information Management.
The U.K. government has shelved IT projects worth at least £273 million (AUD$664 million) during the last five years, MPs have revealed.
Some disappointing earnings and a shortage of IPOs are two signs that the struggling economy is taking a toll on the technology sector.
Despite earlier plans to boost budgets in 2009, the recent economic crisis has many IT leaders in the US tightening their belts and preparing for sparse spending in the coming months.
Fears about the fragile state of the economy aren't translating to IT investment shifts among Oracle OpenWorld 2008 conference attendees this week -- at least not yet. Interviews with a sampling of attendees at the San Francisco conference Monday revealed little anxiety about the economy, with attendees mostly set to stay the course at the moment.
IT spending on network performance management and security technologies could weather the current US economic storm, according to recent survey results that show a majority of respondents plan to increase budgets for the two IT disciplines in 2009.
Despite turmoil on Wall Street, U.S. spending on IT will increase more than previously expected, though the outlook for 2009 is dimming, Forrester Research said Wednesday.
While the high-profile troubles of major financial institutions such as Lehman Brothers, Merrill Lynch and AIG have stoked recession fears, many analysts say that IT spending will continue to grow.
Despite Australia's economy slowing in recent months in line with a global economic downturn, IT's increasing role in underpinning critical business operations will likely save the sector from feeling the full brunt of the credit crunch.