Report: Information Overload Costs U.S. $900B

The problem is getting worse. Every year, research firm Basex calculates the cost of information overload and the numbers keep going up by a staggering amount. For 2008, Basex estimates information overload cost the U.S. economy $900 billion in lost productivity. For 2006, that figure was $588 billion. “We’re continuing to generate more content, and…

Profile: Jim Lance, CIO of Bon Ton

Retailers worldwide are expecting Santa to be a little less jolly this year. Economic pressures are squeezing retailer profits and stock prices as consumer’ fears dampen the season’s good cheer. Margins dip as stores add a long list of loss leaders to bait skittish customers and then slash prices on the rest of the stock…

1 in 4 IT Jobs Done Overseas by 2010

If walks like a duck, quacks like a duck and looks like a duck then it’s probably a duck. So, in this instance, if you think your company is outsourcing more and it makes sense for your company to outsource more to save money and your job is being outsourced to India, well, then your…

Effective Leadership in Tough Times

As the economic picture gets bleaker by the day, many CIOs are wondering just how they are going cope. Budgets will surely be cut at some point, staff may have to be let go, projects once deemed mission-critical may no longer garner the same support as in better times; basically, leading IT in a recession…

2009 IT Spending Roundup

You’d have to live under a rock to not know that economies around the globe are either in, or heading for recession. In the past, when IT was viewed as just a cost-center, this meant sharp cuts in IT spending. This time around things don’t look too bad. Gartner, IDC, Forrester and Computer Economics have…

Outsourcing on the Rise

Despite the fact organizations worldwide are deferring capital expenditures, outsourcing continues to be the number one tool chosen to drive organizational change, according to EquaTerra’s Advisor and BPO/ITO Service Provider Pulse Survey 3Q08. The findings show demand for outsourcing is outpacing business investments in areas such as hardware, software or other types of more discretionary…

Survey Finds Optimism Among Tech Execs

Despite turmoil in global markets, two-thirds of senior technology industry executives polled in a new survey say the economic slowdown will not hurt them as badly as the bursting of the tech bubble in 2000. However, more than three-quarters of respondents say their business has been impacted by the financial crisis, according to the study…

Wall St. and Elections Piling on the Uncertainty

In these tumultous financial times (the Dow Jones Industrial Average fell over 770 points—or about seven percent on Monday) a few days can change a lot. On Friday, CIOUpate published an article stating that the Wall St. meltdown has yet to have a serious affect on CIOs and their budget plans. Today, based on CIO…

Tech Industry Still Buoyant, Microsoft CEO Says

Microsoft Corp Chief Executive Steve Ballmer said on Thursday he still sees a “certain buoyancy” among technology and telecommunications customers worldwide, despite recent U.S. economic woes. “Our industry is not immune to what goes on in the global economy. And yet as I travel … given the current circumstances, people still see a certain buoyancy…

The Wall St. Meltdown and IT Budgets

Although no one knows for sure what will happen in the next few days … weeks … months, it’s a fairly safe bet that the mortgage-backed meltdown of Wall St. will have some affect on your budget. But, it may not be all bad. It may go up, for example. One scenario floated by Zahid…