The economy surely will affect the way we all do business for the next six months or more. You still may have some discretionary IT budget left in the fourth quarter of calendar year 2008, but I seriously doubt there will be any excess funds in the first quarter of 2009. In fact, drastic reductions in corporate spending are a certainty for the foreseeable future. That means IT budgets will be slashed–even for those few organizations that have so far not seen a decline in revenues. Information technology is a service–not a profit center–and even necessary services such as IT will be expected to reduce spending to help maintain corporate profitability or, perhaps, corporate viability. Bailout funds are quickly drying up. Those organizations that weather the storm are going to do some serious belt tightening.

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