Have IT cost cuts gone too far?

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“According to recent reports, there are signs that many industries have cut IT spending as much as they can without cutting into the bones of their business. Analysts noted that a long tide of cost cuts is slowly reversing, although IT spending will not roar back to life with a big bang as 2002 draws to a close. Instead, the turnaround is occurring extremely slowly and only in selected sectors.”

Link: newsfactor.com