A look back at the amazing developments that have taken place over the past 20 years in technology development and IT management; where we are now, and what IT leaders need to focus on in the months ahead.
Technology is so pervasive in our lives, businesses and culture today that it’s easy to forget how brief the history of information technology really is. It’s astounding to see how fast things have moved over the past 20 years. As consumers, we all take things for granted that just 20 or even 10 years ago would have seemed impossible.
A Brief and Colorful History of Technology in Business
Technology in Business A Brief & Colorful History … and some musings about the future Abbie Lundberg, Lundberg Media lundbergmedia.com
1987 PC installed base 19 87 35 million 19 97 126 million >1 billion 20 08
Cost of storing 1 megabyte 19 99 1 Megabyte: a small novel OR a 3.5 inch floppy disk of information 19 87 20 07 >$50 17¢ 1/10 of 1¢
Internet stocks explode; some rising 500% 19 98
Photo by MonkeySimon Photo: dno1967 Photo: crazytales582 Photo: F33
IT Budget Cuts Q: Will your overall IT budget increase, decrease or remain the same in the next 12 months compared to the past 12 months? Decrease Increase Remain the Same 53% 20% 27% 40% 26% 34% 17% 63% 20% 26% 48% 26% January 2009 October 2008 July 2008 March 2008 Source: CIO Magazine IT Budget & Staffing Survey, Feb. 2009
IT Investment Priorities Q: What will be the primary focus of your investments in the next 12 months? Enable business process innovation 33% Create top line revenue growth 21% Manage IT infrastructure more efficiently 23% Lower the operating cost of IT 23% January 2009 June 2008 Enable business process innovation 38% Create topline revenue rowth 21% Manage IT infrastructure more efficiently 19% Lower the operating cost of IT 22% Source: CIO Magazine IT Budget & Staffing Survey, Feb. 2009
Innovate for the rebound <ul><li>Consumer technologies & “public” infrastructure </li></ul><ul><li>Cloud computing & software as a service </li></ul><ul><li>Collaboration & social computing </li></ul><ul><li>Open source </li></ul><ul><li>Green data centers </li></ul><ul><li>Business intelligence </li></ul><ul><li>Customer, customer, customer </li></ul>