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IT Growth: Exponential No More

Posted by timothy on from the doomsaying-or-duh dept.

BreadMan writes "The Economist has has an article about growth in the IT industry coming off a period of unsustainable growth. Compares IT to growth industries of the past like railroads and automobiles."

4 of 250 comments (clear)

  1. Mis-use of terms by Hao+Wu · · Score: 4, Informative

    Then maybe the growth was a log function, or sigmoidal.

    But most journalists couldn't care about growth models. To them, anything that is "big" or "fast" is considered exponential.

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  2. Irruption - Yup, it's a real word by Anonymous Coward · · Score: 4, Informative
    When I saw it, I looked it up and it's for real. From reference.com :

    \Ir*rup"tion\, n. [L. irruptio: cf. F. irruption. See Irrupted.] 1. A bursting in; a sudden, violent rushing into a place; as, irruptions of the sea.

  3. Re:Exactly. by Dolphinzilla · · Score: 5, Informative

    No big surprise - Management had to wake up eventually.

    In addition many computer systems and networks have reached a level of complexity that can no longer be serviced / designed / maintained by an MCSE or some kid who took a few HTML classes at the local community college. Its true that anyone can "throw" a network together - and as my boss often says, "when you want it bad, you get it bad..." At my place of employment, engineers are actively involved in serious systems design and modeling of our networks (before they are deployed) - they are not shopping out of a Black Box catalog and hoping it all plays together.

    The parent post makes a good point, and I would add the following - time for less quantity and more quality...

  4. I disagree.. by marcushnk · · Score: 4, Informative

    For Australia at least..

    In Australia companies have been trying to cut costs in It for about a year and a half now.
    You can only do that for so long before you run the risk of having your company fall so far behind that it will never recover (or you have to spend too much to recover).

    I believe that companies in Australia will stop out sourcing and start spending large on IT internally very soon.. in the next 6 - 12 months at least.

    I reckon we're about to see the second big rise of IT in Australia, right on the heals of broadband and "free to air" wireless networks..

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    "Consider how lucky you are that life has been good to you so far. Alternatively, if life hasn't been good to you so far