Lean, Mean - and Green - IT Users Rely on Tighter Budgeting To Weather The Coming Rough Economy
BOSTON, MA--July 23, 2008 - The Information Technology industry, accustomed to year after year of growth, shows signs of significant belt-tightening. The Standish Group's just-released report, "Trends in IT Investments" shows that the looming recession has spiked concerns about how it will affect an industry that is accustomed to success and expansion. Standish Group estimates that annual spending is more than three trillion dollars of which a trillion is for IT goods and services.
Jim Johnson, Chairman of The Standish Group, said, "The effects of a business slow down on overall IT spending can be disastrous for an industry dependent on funding in order to introduce new markets to keep the technology wheel turning. It can also impact the enticement of new young minds to create the next technology masterpieces. Fear of a recession has many companies reducing significant investments and looking at ways to lower costs."
Mr. Johnson continued, "In 2008 we will see the move toward energy efficiency start to affect IT budgets - not with a boon to cash outlays but in a growing desire to recognize the effect that IT has on rising energy costs. This pressure will come in the form of being responsible for the associated energy costs of IT. Green is the color of survival," he said.
Standish Group's "Trends in IT Investments" looks at 15 key indicators on how IT is spending their resources. The report looks at the primary drivers of the IT marketplace for 2008 and where Standish Group sees the market heading, as well as where it has been. It brings together research, analysis, and educated opinion.
Key indicators and budget areas reviewed are: Application Packages, Business Intelligence, Collaboration Design and Requirements, Development, E-commerce, Integration and Migration, Project Management, Quality/Testing/Inspection, Readiness, Security, Servers and Storage, Staff and Services, Standards and De Facto Standards, Wireless, Mobile, and Networks.
These behavioral indicators shows the growing need to seek a reduction of energy and resource dependency - giving companies the opportunity to evaluate waste and use their systems to maximum capacity and longevity. It can also encourage vendors to seek new ways to compete based on longer-term quality.
The Standish Group's "Trends in IT Investments" report is available free of charge to Standish Group subscribers. Non-subscribers may obtain copies directly from The Standish Group at: http://www.standishgroup.com/market_research/index.php for $2,500 per copy.http://www.standishgroup.com/market_research/index.php
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