- Saturday, 28 November 2009
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I didn't buy a Centrino willingly, I worked on the P4 - Bob Colwell, former chief architect, Intel
IT spending plummets as crunch worsens
THE CREDIT CRUNCH has not yet finished taking its toll on the IT sector, says a recent Forrester Research report claiming the financial services sector is slashing its IT spending.
According to Forrestor’s numbers, over 40 per cent of finance firms have slammed on the brakes when it comes to laying out for new tech-wipment or IT projects, with the situation looking its most bleak in the US.
The study, which polled 950 high-flying tech managers at large businesses across Europe and North America found 49 per cent of firms in the US had shrunk their IT budgets tremendously, with 38 per cent of Canadian companies following suite.
The situation in Europe looked somewhat less dramatic – 33 per cent in the UK, 32 per cent in France and 28 per cent in Germany – but the report was quick to point out that the results were compiled in the second quarter of 2008, before the worst of the economic storm hit the EU.
As if cutting back wasn’t enough, about 20 per cent of big financial businesses in the States reckoned they would be actually reducing the amount of money spent annually on new hardware and software.
The crunch isn’t limited to the financial sector, either. The study went on to reveal that in the telecommunications, manufacturing, retail and even utilities sectors, about 40 per cent of firms would be forced to curb their enthusiasm for shiny new tech. µ
L’Inq
AP
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Maybe the hardware is just fast enough for most people now that upgrades just aren't worth the money? You can spend $500 and get a extremely decent machine that would put virtually anything three years ago in the dust. Monitors are huge and inexpensive; RAM is so cheap and plentiful that 2GB is standard; even the cheap sub-$100 processors have four cores. Now, more than ever you'll have more than you ever need, and it's not like this is just recent. So why bother upgrading from that?
No only dont you need more power, you certainly dont want Vista force fed to you...
"Maybe it's just fast enough?"
Well between that and the worldwide recession I'd say the worldwide recession has probably much more to do with it. But, certainly, there are some who think like you do.