As a result of limited cash flow, business and IT leaders have
slashed expenses and limited capital purchases, and will return to
IT leasing and financing as a means of bolstering their access to
IT resources, according to market intelligence consultancy IDC.

With the economy now poised to begin a very modest, multi-year
recovery, IDC said it expects these ‘new normal’ economic operating
practices to continue to shape key decisions about IT operations
and investments for many years.

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“The changes in business and technology management that were
implemented in response to the recession appear to have become part
of the permanent ongoing business framework,” said Joseph
Pucciarelli, program director, technology financial and executive
strategies at IDC.

As a consequence, he said, companies will seek to lengthen the
deployed life of their hardware assets, minimize spending on
software upgrades, and look to service providers to selectively
solve pressing maintenance and technical problems.

IDC’s new report, ‘Coping with the “New Normal” – How the
Changed Economy Is Shaping IT Practices’, highlighted five
management practices that will emerge:

– cost and funding management
– sourcing and platform strategies
– equipment leasing and software financing
– lifecycle management
– IT financial management tools

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“Regardless of the strategy – selected investment in focused
opportunities or retrenchment and caution – overall IT spending
will be scrutinised, poked and prodded,” added Pucciarelli.

“A crystal-clear linkage between business requirements and
spending will need to be made and agreed upon by business and IT
leaders.”

Jason T Hesse