Thursday, July 30, 2009

The recession's effects on IT innovation

A recent survey suggests that IT departments all over the US are targeting less of their budgets toward innovating their businesses than other industrial nations. Innovation is one of the IT department's best strategies for improving their companies and making them stronger and more productive. The survey quoted a corporate vice president that businesses that are just reducing IT costs will not be able to create new solutions and systems to help their companies compete in the future. This tactic will help these companies survive in the near term, but it might spell their demise in the future. I understand that businesses have to keep their basic operations going and provide current services and support but other nation's companies are still funding innovation and will leave our country's companies at a disadvantage to compete global.

Article Link: http://www.insidetech.com/news/articles/5115-microsoft-survey-shows-recession-is-hurting-it-budgets-pros?page=1&utm_content=it_r1_20090730_YAHO&utm_source=nlet