Silicon.com: Get the most bang for your IT buck

Another recession focused piece for Silicon.com…

Times are tough. Yet while IT budgets are tight, most companies still expect their systems to carry on delivering and supporting the rest of the business. In fact, the more progressive companies are even looking at ways to use IT to help them get ahead during the downturn.

While it may make sense to try and innovate right now, for many IT departments doing so will feel like a strain on already thin resources. According to research from analyst Gartner, IT spending is set to drop by around 3.8 per cent this year to just over $3.2tr.

Gartner predicts that in 2009 the IT market will decline by more than 2.1 per cent – the drop we saw during the dot-com bust of 2001.

On the positive side there is still more than £2tr sloshing around the global IT industry – so what can companies do to make the most of the resources they have?

For starters, businesses can’t afford to waste money on failed projects. So assessing and measuring risk must form a key part of any IT planning in this downturn

For more go to: Silicon.com

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