economic crisis

economic crisis - News, Features, and Slideshows


  • Business CIOs are optimistic for the future

    Private sector CIOs appear to be optimistic that the UK government's comprehensive spending review will not have a knock-on effect in their own patch.
    In a snapshot poll, CIO asked IT bosses how they thought the review would affect them. None of the respondents in the commercial sphere believed it would have a direct impact on their own organization, but some had reservations about the affect it would have on government procurement and IT employment prospects for those in the public sector.

    Written by Julian Goldsmith24 Oct. 10 22:00
  • 70 per cent of CIOs say GFC effects have passed

    A survey of some 400 CIOs across the Australia and New Zealand (ANZ) region indicates that while 70 per cent feel the effects of the GFC have passed, an average 2.3 per cent budget increase will take place in these organisations.
    Vice president of research at IDC Australia, Tim Dillon, addressed more than 200 CIOs at the CIO Summit 2010 in Sydney, where he revealed the results of IDC's Forecast for Management Survey.

    Written by Lisa Banks25 July 10 22:00
  • Bouncing back to a new reality

    While debate is ongoing on the state of the economy — on the rebound or still on cautious mode — there is no doubt enterprise ICT is still feeling, if not reeling from, the effects of the recent recession.
    ‘Doing more with less’ has always been a familiar theme for CIOs in New Zealand. But for CIOs in the MIS100 — the country’s top ICT-using organisations — this message was firmly embedded in their plans and strategies in the past 12 months, and for the rest of the year. Click here to see who is in the 2010 MIS100.

    Written by Divina Paredes and Jess Meyer26 May 10 22:00
  • Prepare for ‘acute’ ICT skills shortage

    Demand for long-term ICT contractor roles remain subdued, though the increase in short-term assignments and growing demand for business analysts suggest the ICT job market is picking up, reports Manpower Professional.
    Matt Love-Smith, business manager of the Christchurch-based company, says there is more demand for business analysts who focus on research and requirements gathering at the start of a project.

    Written by CIO New Zealand03 May 10 22:00
  • Salaries of project managers buck recession

    Project managers, instead of suffering income losses as with many other professionals, are earning more than they were two years ago before the height of the recession, reports the Project Management Institute.
    The global median salary for project management practitioners is now US$90,260, with those holding Management Professional (PMP) credentials earning upwards of US$10,000 more than those without, in certain countries, reports PMI in its sixth Project Management Salary Survey.

    Written by CIO New Zealand26 April 10 22:00
  • ANZ tech reform gets going under renewed scrutiny

    Australia and New Zealand Banking Group has quietly kicked off an internal review of its $768 million-a-year technology operations in Australia and Asia, just two weeks after the arrival of its new chief information officer, Anne Weatherston, from the Bank of Ireland.
    The bank is looking at how to structure its technology purchasing to underpin wider operations over the next few years, including the role of its Bangalore-based software factory that employs about 4000 people.

    Written by Julian Bajkowski06 April 10 22:00
  • A year of reckoning for CIOs

    Global IT expenditure is expected to rise slightly this year, the first increase since the onset of the global economic downturn, reports analyst firm Ovum.
    In its survey of IT decision makers, Ovum states that one-third expect their budgets will increase in 2010. Despite this cautious optimism, there are signs that CIOs do not yet view IT as an engine for growth and that 2010 will mostly be a year of reckoning.

    Written by CIO New Zealand07 March 10 22:00
  • Business confidence will lead to tech skills shortage

    Employers will be faced with a chronic shortage of skilled ICT workers within six months as returning business confidence leads to a fresh wave of major projects, says listed recruitment firm Clarius Group.

    Written by Brian Corrigan06 March 10 22:00
  • Tackling the ‘shiny new object syndrome’

    I've had the opportunity to visit several infrastructure and operations industry events already this year. Each targeted the same basic message: a return to innovation. But I have to wonder, are we really ready for innovation? The last 18 months have been marked by a consistent and constant effort to demonstrate return on investment (ROI). Why, as we now enter 2010, is there a sudden emphasis on innovation? The answer is what I refer to as "new shiny object syndrome”.
    As an infrastructure and operations professional, you're used to focusing on new, innovative uses of technology to support the business. However, the last 18 months have been anything but innovative. This period was characterised by project budget freezes and 20 percent cuts to your operational budget. In fact, infrastructure spend suffered the deepest budget cuts in 2009, with a 16.3 percent reduction from 2008 levels.

    Written by Rob Whiteley02 March 10 22:00
  • Innovation takes a hit

    With uncertainty remaining over the global economic recovery, IT organisations expect to be cutting software services and deferring non-critical projects this year, Forrester reports.
    “Money and manpower have been reallocated to efforts with clear and more immediate returns, and CIOs are becoming — if they’re not already — sticklers for ROI calculations, to justify software projects,” writes Forrester analyst Tim de Gennaro in The CIO’s 2010 Software Outlook.

    Written by CIO New Zealand23 Feb. 10 22:00
  • Company saves millions by ending outsourcing deal with EDS

    In the realm of IT outsourcing, disengaging from a multi-year, multi-million dollar agreement can be so difficult and costly for customers that it makes a Trump divorce seem like a tea party. But that's exactly what US apparel maker Kellwood did last year, despite the upheaval the company anticipated from ending its 13-year IT outsourcing arrangement with EDS (now part of HP).
    The Chesterfield, Missouri-based company had originally signed a soup-to-nuts IT outsourcing agreement with EDS in 1996, which it renegotiated in 2002 and 2008. The most recent iteration of the deal, in which EDS would continue to manage the company's infrastructure and provide some services offshore, had an approximate value of US$105 million and was supposed to save the company $2 million dollars in the first year and another $9 million over the remaining years.

    Written by Stephanie Overby20 Feb. 10 22:00
  • Green light for ICT staff shortage?

    This year will be a busy time for ICT recruitment, with on-hold projects getting the green light and headcount freezes for ICT departments being lifted, recruitment company Robert Walters reports.
    “Employees who were loyal to their organisations during the recession are now beginning to voice their dissatisfaction, expecting reparations for the ‘sweat debt’ they ran up in the last year,” says Richard Manthel, managing director of Robert Walters NZ, in a press statement.

    Written by CIO New Zealand17 Feb. 10 22:00
  • Everything-as-a-Service

    After the shock of 2009, the business focus on information technology in Asia appears to have fundamentally changed and there may be no turning back.
    Global market intelligence firm IDC warns that, during the last year or more, companies in Asia have mostly applied ‘wait-and-see’ or ‘back-burner’ IT tactics — but this will no longer work as the economy starts to turn again.

    Written by CIO Asia13 Feb. 10 22:00
  • Modest rebound for ANZ software market

    Ovum predicts an ongoing recovery within the Australia/New Zealand software market.
    In its latest report entitled “ANZ Market Trends 2009: IT software forecast”, the analyst firm says the ANZ market will show growth of above 4.8 percent in 2010.

    Written by CIO New Zealand13 Feb. 10 22:00
  • IT projects reactivated in 2010

    There is growing evidence of previously suspended IT projects and commercial activities being reactivated, plus an increased demand for information technologies professionals across the Asia Pacific.
    These are among the key findings of the Asia Job Index Q4 2009 released in Singapore by major international recruitment consultancy Robert Walters.

    Written by Ross O. Storey09 Feb. 10 22:00