{"id":748,"date":"2009-01-05T07:00:57","date_gmt":"2009-01-05T15:00:57","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=748"},"modified":"2009-01-05T07:00:57","modified_gmt":"2009-01-05T15:00:57","slug":"technology-downturn-in-economy-means-less-money-for-it","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/technology-downturn-in-economy-means-less-money-for-it\/","title":{"rendered":"Technology: Downturn in Economy Means Less Money for IT"},"content":{"rendered":"

Gartner has revised downward<\/a> its estimates for IT spending over the next four years because of the severe downturn in the economy. The estimates still forecast growth in the industry, just not as fast as what had been earlier forecast. Enterprise software is expected to come in around $229.2 billion in 2008, a 13.9 percent increase over 2007.
\nIn 2009, it is expected to grow 6.6 percent to reach $244.3 billion.<\/p>\n

On the bright side, Gartner sees organizations looking for Business Process Management software to be even in higher demand to help business further streamline their processes. The IT winning technologies are those that are expected to have big paybacks quickly to the bottom line:<\/p>\n