Indian CIOs See Early End to Economic Slowdown
Indian CIOs expect the economic slowdown to end by October-December 2009, an IDC survey of 467 CIOs reported.
Indian IT organizations are accordingly now focusing on better management of existing IT infrastructure by consolidating, optimizing and leveraging resources, from building new capacities, the report said. The companies are also focusing on customer retention, and new IT engagement and delivery models.
The study covered mid-sized and large enterprises across 18 industry verticals for the period February-March 2009.
Kapil Dev Singh, country manager, IDC India, said, "The survey provides pointers to IT vendors for strategizing their business agenda in the mid-term to effectively ride out the economic slowdown and stay focused on their priorities."
However, IDC India expects the slowdown to extend and IT spending to revive after April-June, 2010, considering the larger macro-economic scenario and the time lag in terms of IT buying by enterprises.
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