A Look Into the IT World

Technology has taken us further than ever in the past decade. The internet, introduced here by Tom Brokaw, has come a long way since its inception. It is now the single most important aspect of any sustainable business, let alone society as we know it today. Think about what would happen if you couldn’t use internet for a whole day. What a scary thought.

Despite the ever growing importance of information technology, an article from Between the Lines discussed the lack of continuity in companies' IT budgets as the world slogs through one of the biggest economic downturns in recent memory.

The article stated that a handful of companies—Dell, Infosys, Red Hat, Oracle, and Lawson—have already pulled back on technology budgets amid an unstable and unpredictable market economic picture. The common denominator here is that IT budgets fluctuate along with the stock market. Financial giant Goldman Sachs predicted an 8 percent decline of global IT spending followed by a 2 percent gain in 2010. Other research outlets such as Forrester and Gartner have been cutting their spending projections, but remain more optimistic than Goldman Sachs. To say these projections are moving targets is quite the understatement.

For company executives, it is difficult to justify a major expense for a technology upgrade when profits are shrinking and budgets are trimmed on a consistent basis. However, exploring new projects with a reliable IT company is a smart, long term decision that execs cannot be scared to pull the trigger on.

Take virtualization for example; upfront, there is an obvious cost. However, by reducing energy consumption and ensuring that your company will be online and ready when the big deal has to go down can create unimaginable gains for any business. This kind of long term gain is readily available for a company ready to move to the next level.

For corporations large and small, the question shouldn’t be if are they upgrade their IT services, but when and how they are going to celebrate once they see that number on the bottom line start to swell.