Wednesday, October 15, 2008

IT and the Wall Street Meltdown

Although Information Technologies has been fairly stable in recent years, with its low unemployment, decent spending levels, and recent overall economic resilience, it appears that the financial crisis on Wall Street will do the obvious and trickle down to IT. Gartner Group is now warning IT Managers of hiring freezes and staff reductions after a previously optimistic outlook. According to this article, cost saving projects such as virtualization and SaaS will remain hot, which makes sense. Another article here, talks about what Gartner considers the hottest technologies for 2009.

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