IT Spending in 2009

IT budgets are facing a painful overhaul in 2009 with many analysts predicting that global spending on IT products and services would drop by 3% or more this year. This would be the first annual decline since the dot com crash seven years ago. Spending priorities would seem to centre on business optimisation technologies, particularly business process improvement and business intelligence. And while reducing enterprise costs will factor in most IT plans in 2009, its also worth noting that as cash becomes scarcer, its buying power increases.  As IT suppliers scramble for a diminishing pool of money,  your negotiation power increases. At Silver Bullet Associates, we suggest that perhaps this is the year for you to review your current IT costs and tackle some of the more expensive items head-on by re-negotiating better prices or terms with your incumbent IT suppliers?

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