Troubled Economic Times Call For Solid Technology Answers

December 10, 2008

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•Guest Column: Troubled Economic Times Call For Solid Technology Answers

By Jerome M Wendt and James Koopmann, DCIG LLC

There is no question that the recent economic uncertainty will impact organizations on a global scale. Already continents and countries as well as individual companies are being affected daily. Gartner notes that no one is immune with the United States and Western Europe being affected the worse. Examples of the impact include:

Europe recently put $2.3 trillion on the line to protect the continent's banks in a unified response to the global financial crisis

Europe's largest economy, Germany, is on the edge of recession and poised to come to a halt next year

Venture capital firms are issuing strict advisories for startups while established companies are trimming expenses

But just as the dot-com bomb helped us realize faulty business practices, the possibility of recession will more than likely help us realize how to better spend corporate monies.

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•Guest Column: Troubled Economic Times Call For Solid Technology Answers

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