Technology firms should start cutting costs now, instead of waiting for confirmation of a recession, says research group Gartner.
Analysts are advising US firms to tighten their belts due to deteriorating economic conditions. And firms in countries still meeting a two per cent GDP growth rate should follow the same advice.
The economic climate has worsened since the height of the sub-prime mortgage crisis last autumn, said Gartner vice president Ken McGee.
"Last October we published research recommending that organisations should prepare two IT budgets for 2008," he said.
"Since that time the factors we based the research on have worsened to a degree that convinces us it is now time for clients to prepare for cutting IT costs."
Senior executives are expected to mandate reductions in IT spending as part of overall cost cutting programs. And firms are advised to follow a six step plan, including reporting results on a weekly basis and selecting a liaison from their legal departments.
Post your comment
Send an email to the Computing editor at feedback@computing.co.uk
del.icio.us
digg this
reddit!
Workers' union fears for job security of the bank's back-office workers in Poole 18 Jul 2008
Tories critical over government waste 18 Jul 2008
Logica will provide software development and support under three-year contract 18 Jul 2008
More news
The technology is thriving in uncertain economic climate, but adoption plans vary 17 Jul 2008
Facilities outside the City are in high demand as companies investigate the benefits of moving their datacentres 17 Jul 2008
Highways Agency information director Denise Plumpton reveals her strategy 17 Jul 2008 More in depth
Advertising Marketplace
- Enterprise Accounting Solutions
- Business Intelligence Solutions
- Enterprise Content Management (ECM)
- Supply Chain Management
- Enterprise Resource Planning (ERP)
- Project Management Solutions
- Customer Relationship Management (CRM)
- Security Solutions
- Systems Management
- Networking and Communications Solutions
Featured jobs
More job opportunities