The impact of recession on IT

摘要

1 Previous recessions affected predominantly industrial and manufacturing businessesrn2 CEOs see IT as overhead cost to be cut or means of lowering the cost of doing businessrn3 Flood of highly skilled IT staff makes recruitment a buyers' market for recoveryrnThe dealing of complex financial derivatives, enabled by high-tech trading infrastructure and highspeed networks, led to a boom in the British financial services industry. Now the financial services industry has led the world economy into a downturn not seen since the Second World War.rnAlthough IT has been through recessions before, its relationship with mainstream business has been revolutionised since the most recent down-rnturns of the 1990s, 1980s and 1970s. IT enables practically every business process, and almost everyone in work uses a computer in some way. E-mail and e-commerce were unheard of during previous recessions.