Analyst says financial analysts don

Summary: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.

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.

Topics: Tech Industry

About

Christopher Jablonski is a freelance technology writer. Previously, he held research analyst positions in the IT industry and was the manager of marketing editorial at CBS Interactive. He's been contributing to ZDNet since 2003. Christopher received a bachelor's degree in business administration from the University of Illinois at U... Full Bio

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