Key Issues for IT Executives 2009: Difficult Economy's Impact on IT

The global financial crisis has brought exacting times for organizations around the world. Faced with sharp decreases in revenue, companies have experienced IT budget and salary reductions, projects and purchases put on hold, and hiring freezes. While many IT organizations have been collaborating with their business partners to leverage IT to help reduce costs and improve productivity across the business, most are anticipating an economic turnaround, albeit not with much optimism, for a better 2010. When this survey was conducted, in June 2009, initial signs of the recession’s end had begun to appear, although companies were, and remain, cautious about future initiatives.