Analyst says financial analysts don

Ovum analyst Neil Ward-Dutton dismisses financial analysts who expect the IT industry to have a big recovery and return to significant spending. He says this kind of thinking is just plain wrong:

There will be no big 'recovery', because IT is increasingly becoming part of the furniture of business - and as a consequence, IT spending is being controlled and prioritized just like any other spending. When economic and market conditions force businesses to rein in expenditure, IT is throttled back just as much - and in many cases, even more - than any other type of expenditure.