I wonder if current upcoming global recession will slow down technological advancements. It most likely will.
Any thoughts on that @doifeellucky
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I wonder if current upcoming global recession will slow down technological advancements. It most likely will.
Any thoughts on that @doifeellucky
Hello Piotr,
oh surely the mechanics "of grace under pressure" ;-) apply here.
Kidding aside, I'm pretty sure that IT organizations always look for ways to work more cost effective and they continuously have to be on their toes because the moment your due diligence shows you are underperforming there are always others that'll love to do "your" work, just a little more cost effective.
What I mean sometimes such pressure leads to even faster technological advancements.
I've lived through a couple of such phases. In the 90ties for instance, were outsourcing and rightsizing were the buzzwords for big old fintech IT shops with big old mainframe infrastructure.
This pressure lead to the evolving client - server environments that are pretty normal nowadays just with added virtualization in different layers.
If you still run a own owned IT environment you cannot close the books on technological advancement either. The "standard" investment horizon for IT infrastructure is 3/5 or even 7 years (for networking infrastructure for instance).
I many cases the bigger = the more cost effective factors push you towards outsourcing partners and they cannot afford to drop the ball on technological advancements either or they'll be gone in the blink of an eye.
So will a global recession slow down or speed up technological advancement? Maybe a little of both! ;-) But IT wise things really never slowed down in my personal experience!
Cheers!
Lucky