Autonomic Computing

Slower Economy—Smaller II Budgets

Since the beginning of the new millennium, and despite the impressive growth we have discussed so far, world economic growth and spending have slowed significantly. For the foreseeable future, the majority of CIOs are not getting any increases in their budgets, which means they have to make the most of what they already have and be cautious about further spending. Any request to the Board to sign off new projects will come under close scrutiny for essential value to the business.

In the wake of the slowing economy, a “bare bones budget” approach to technology spending has taken over and created new buying patterns, with the focus on selecting the most affordable option that can deliver the quickest return on ...