2008: A Year that Tested Our Resilience

by Tabrez Khan    Dec 26, 2008

As the year 2008 draws to a close, and many of you head for your year-end vacations, we remain glued to our desks and watch with a tinge of envy. But it cannot really be helped as media is a 24/7 business just like some managed service providers. Besides there’s all the excitement at the desk of taking stock of the year that was, for businesses and their technologies and letting you know what everyone else is thinking.



We intend to offer you perspectives from several people who were generous enough to take time out of their vacation planning and give us a sense of what 2008 was for their businesses, what technologies they focused on, which ones disappointed them and what trends they anticipate in 2009.



In our own assessment some enterprise-relevant technologies that have been in the news constantly are virtualization, cloud computing, service-oriented architectures, green IT, and business intelligence. There is a common thread running through them, which is the intent to make IT more service-oriented and flexible while also reducing its environmental impact. Cloud computing, virtualization, green IT concept are all inter-related and while they offer businesses efficiency and cost benefits, they also help turn IT greener.



If there is one trend we can decipher from that; it is that in future IT will focus on ubiquitous and simplified access to computing with the objective of achieving business goals. While 2008 witnessed businesses getting increasingly oriented towards some of these technologies, 2009 should be the year when we see deployments on this front. Of course, the recession looms, but the Indian economy has shown signs of resilience and vibrancy promising to grow between six to seven percent.



2008 has also been a year that saw some significant M&As on the IT front such as the $13.9 billion acquisition of Electronic Data Services by HP. Closer home, HCL successfully acquired SAP consultant Axon after warding off competition from some IT majors. TCS acquired Citigroup’s BPO arm.



The biggest story of the year of course was the global financial meltdown and the tremors it sent throughout the global financial system. No one knows how profound and long this meltdown might be, but at home there are positive signals. Auto sales have risen in this quarter and if that is any indication, it is a clear signal that customers react to fiscal and monetary measures intended to cut prices and prop up demand.



Overall the Indian economy is expected to show moderate growth in 2009 and corporate India’s own efforts toward ringing in efficiency and innovative ideas for growth might help in achieving a little better than expected.



CXOtoday.com wishes its readers a very happy and prosperous new year.