Using This Recession Wisely

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You don't have to be an economist to figure out that any decline in GDP always translates into a decline in technology spending. During the last recession (2001-2003), tech spending collapsed as companies around the country pulled the plug on new projects and slashed IT budgets.

However, things have changed dramatically since 2003. There are now 3 times more cell phone users. Internet users have more than doubled, with even grandmothers getting online now. Technology has penetrated into almost every corner of our lives. Where once an office might have one computer for 50 employees, now there are more computers than employees. Information technology has become Business Technology.

So, while tech spending might drop over the next three years, we will see the birth of some amazing new techs at the same time. We will see:

• A new host of gadgets for the national wireless broadband networks.
• Magnetic plastics that will revolutionize data storage.
• Laptops will start to vanish when ultra-thin, flexible display screens come standard on cell phones.
• New generations of cloud computing platforms will emerge.
• Enterprise social networks will become commonplace.
• Nanotechnology will become more pervasive with applications expanding into more industries.
• Biotechnology will continue to make phenomenal leaps forward.

These are just a few of the changes for the next 3 years. The recession will not stop them.
You need to ask yourself:

• How do these changes impact my business?
• Do these changes create new opportunities?
• How do I take advantage of these techs?

Technology is poised to take some staggering steps over the next three years. You must think on these emerging techs so you can stay ahead of the curve. The changes that are coming will be significant and they will impact every aspect of your business.
Are you ready for the future?