September 22, 2001

Companies rethink IT investments in wake of attacks

Author: JT Smith

The 9/11 attacks could result in an unforseen boon for the technology sector, say analysts. While most of the financial services companies affected by the collapse of the World Trade Center had backup data services in place for emergencies, most companies in the U.S. and around the world are not, for the most part, prepared to face such a disaster. At least one data security service has seen its business increase by over 150 percent since last Tuesday, and that includes inquiries from a few larger companies that have traditionally avoided outsourcing, which is a primary requirement of most recovery plans. Videoconferencing services might get a lift, too, as companies shy away from the new complications of air travel. Read the IDG story at CNN.


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