In what should be a boon to commercial open-source software vendors, the Wall Street Journal is reporting that tech spending is set for a big slowdown in 2008. Just as a housing and credit crunch should lead to more prudent consumer spending, so, too, should economic malaise at the corporate level lead to more intelligent IT spending.
In other words, less silly spending on licensed shelfware and more savvy spending on real value: open source and SaaS that focus on actual service, not licenses. Proprietary software's loss can be open source's gain:
Last week, IDC cut its 2008 projection for world-wide tech-spending growth to between 5.5% and 6%, down from a previous forecast of 6.6% and from this year's expected growth of 6.9%.… Read more