Enterprise Technology Blog

Two months ago Forrester Research predicted a 9 per cent growth in IT spending for 2008, today the Financial Times reports that the forecast has been revised downwards by 1/3 to 6 per cent growth.  

Andrew Bartles, author of the Forrester report makes two very important points:

1. Unlike the 2001 tech bubble, this is a slow down in spending not a decrease
2. The predicted 6 per cent growth is better than the overall economy

So while things aren’t as rosy as first thought, the bloom is not entirely gone.