Is the economy affecting IT budgets?
Those in IT won’t be surprised to hear this, but according to this ITJungle article, a recent Gartner survey found that IT managers are under increased pressure to cut costs. Also, more than half of those surveyed said that the poor economy was having a negative impact on their budgets.
Despite the budget crunch, most of the organizations were involved in legacy application modernization. However, many of the applications being modernized were coded in an older language with very industry-specific features, so it's hard to just start over. Besides these problems, IT Managers are also having a difficult time finding good .NET and Java programmers.
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