economic crisis

economic crisis - News, Features, and Slideshows


  • Companies are wasting less money on ERP

    ERP investments have long held a stranglehold on corporate IT investments. The Great Recession, however, has pushed boards and budgeting committees to examine IT spending like never before. Not surprisingly, ERP's juicy slice of the corporate spending pie has come under closer scrutiny.
    Now, Panorama Consulting Group's 2010 ERP Report, when compared to its 2008 data set, provides some evidence that companies have seen the errors of their ways in managing ERP systems and have taken small, but important corrective actions for the future. (Panorama's data comes from survey respondents at 1,600 organisations that implemented ERP during the past four years.)

    Written by Thomas Wailgum07 Feb. 10 22:00
  • The worst is over

    The manufacturing sector took a severe beating from late last year through most of this one.
    According to Dr Daniel J. Meckstroth, chief economist of the US industry group MAPI (Machinery and Allied Products Institute) Manufacturers Alliance, in his report ‘The “Great” Global Manufacturing Recession’ (dated June 23, 2009), the economic downturn put a violent end to a long period of manufacturing expansion worldwide in 2008.

    Written by F.Y. Teng.30 Jan. 10 22:00
  • CIOs don't expect IT recovery

    CIOs who survived 2009, during which IT budgets dropped by 8 percent on average, don't expect to see business recover or IT dollars return immediately in 2010. They do, however, intend to makeover IT departments as leaner, more lightweight entities ready to respond to business needs, according to Gartner research released Tuesday.
    A survey of 1,600 CIOs worldwide shows that while many speculate economic conditions will recover, 41 percent of IT leaders globally are planning for "continued business contraction." Worldwide, 53 percent expect to see stabilisation in 2010, and 6 percent expect to see growth.

    Written by Denise Dubie18 Jan. 10 22:00
  • The thawing begins

    As bad as 2009 was for employment in the US - and it was truly terrible - the CIO job market picked up during the latter half of the year, according to executive recruiters who believe the increase in CIO job openings and search activity is a positive sign of what's to come in 2010.
    "The bottom was reached in the first quarter [of 2009], and it started to turn around mid-summer," says Mark Anderson, president of ExecuNet. "Right now we're definitely seeing the market rebound for CIOs and [for executives] across the board. We're seeing about a 23 percent increase in the number of jobs being posted in our private network from the fourth quarter of 2008 to the fourth quarter of 2009."

    Written by Meridith Levinson04 Jan. 10 22:00
  • CFO survey: Recession no bar to new ICT investments

    Financial professionals are willing to invest in existing IT systems despite the sluggish global economy, according to a survey by CFO Research Services.
    Organisations, however, are far more likely to modify existing systems than introduce new ones because of the recession.

    Written by CIO Asia01 Dec. 09 22:00
  • Creaming from the top

    Business fraud committed by middle and senior management across New Zealand has increased by almost 20 percent over the past year, according to the latest PricewaterhouseCoopers Global Economic Crime Survey.
    This shift is a cause for concern as senior staff have the ability to override internal controls and can potentially cause greater financial loss to organisations,” says Eric Lucas, PwC Forensic Services partner, in a press statement.

    Written by CIO New Zealand staff18 Nov. 09 22:00
  • IT employers lead in hiring expectations

    Recruitment firm Hudson says 25 percent of employers in the IT industry intend to hire more permanent staff in the coming three months.
    The latest “Hudson Report: Hiring Expectations” shows the IT sector also leads among other industries, such as professional services, manufacturing, retail, construction/property/engineering and government, in their perception of hiring expectations.

    Written by Divina Paredes27 Oct. 09 22:00
  • Open your hatches

    CIOs need to drop their mentality of “battening down the hatches” and change to one that prepares them to support their company’s growth, according to a Frost & Sullivan executive.
    “CIOs are cautiously optimistic that the economic downturn is waning, and that conditions will be more favourable for growth over the next six months,” said Craig Baty, global vice-president of IT practice, Frost & Sullivan, who spoke at the analyst firm’s TechStrategies 2009.

    Written by Jack Loo15 Sept. 09 22:00
  • Microsoft CFO shares five-point strategy for growth

    The world is thought to have gone through the worst of the economic meltdown, but companies can expect the next five to 10 years to be vastly different from the past decade.
    This is the message from Microsoft chief financial officer Chris Liddell in his keynote speech at this year’s Tech Ed in Auckland.

    Written by Divina Paredes13 Sept. 09 22:00
  • Job losses slow as online want ads rise

    Three studies released this week indicate that the job market may be stabilising. Although job losses continue to mount, the pace is slowing, according to one study. According to another, job opportunities are on the rise. Meanwhile, CIOs' IT staffing plans haven't changed much since the third quarter, according to a survey conducted by Robert Half International.
    First, the number of jobs cut in August dropped 21 percent from July, to 76,456, according to global outplacement firm Challenger, Gray & Christmas. This is the second lowest number of job cuts recorded so far this year: In June, Challenger, Gray & Christmas tracked 74,393 job cuts-the lowest level to date.

    Written by Meridith Levinson02 Sept. 09 22:00
  • A ‘world class’ NZ in 2029

    Rod Oram, business journalist and professor of business at Unitec, presented a possible scenario for New Zealand in his keynote address at the IBM Insight Forum 2009 in Auckland on Thursday.
    “Twenty years from now, a Kiwi, Prof Min Te Tua, wins the Nobel prize for her work on M3 – based on her research on building small, entrepreneurial global companies,” he said, of his fictional scenario.

    Written by Divina Paredes19 Aug. 09 22:00
  • Guerrilla marketing tactics for jobseekers

    That's the sound of your résumé entering the black hole known as the recruiter's inbox. When job seekers don't hear back from a recruiter or hiring manager, they figure their résumé has fallen into an abyss of disinterest.

    Written by Meridith Levinson13 Aug. 09 22:00
  • What ICT staff want in a volatile economy

    A survey conducted by Gartner earlier this year pinpointed the staffing conundrum facing CIOs today: It's hard to reward and retain key IT staff who weren't laid off from their organisations when there's no money in the IT budget for raises.
    Technology professionals polled by IT job board in July have a clear solution to that problem. When asked what companies could offer in lieu of a salary increase to reward and motivate them, the 431 IT professionals who took the survey indicated that they want their employers to give them a sense of stability in a volatile economy or more flexibility.

    Written by Meridith Levinson11 Aug. 09 22:00
  • Vendors ramp up cloud computing services

    IT services providers are continuing to invest in cloud computing offerings at an impressive pace – even though ongoing hype around cloud computing is leaving many customers confused as to its potential benefits, reports Ovum.

    Written by CIO New Zealand staff05 Aug. 09 22:00
  • IDC says Asia-Pacific BPO market rosy

    Significant business transformations are being implemented by Asia Pacific organisations, in preparation for the impending market recovery in 2010, according to research firm IDC.
    Concurrently, the research body says BPO service providers are doing away with the traditional lift and shift business models. They are ironing out platform-based service offerings to suit current market conditions.

    Written by Carol Ko30 July 09 22:00