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Why the recession will force us to think differently about IT spending
In the latest installment of InformationWeeks' Global CIO column, Vinnie Mirchandani draws some excellent analogies to the current US housing crisis and the way that we've been treating IT buying for the last few years.
The short take: just as we've over-borrowed and over-burdened ourselves with housing, we've done exactly the same thing with IT. We've spent too much, become too dependent on vendors who don't offer additional value for continued payments and overall have left ourselves to die on the vine if we don't take responsibility for our own financial situation.
We over-borrowed: … Read more
