2009: Software Companies as Banks, CFOs in the Wrong Role
Theresa Lanowitz, founder of analyst firm voke, ventures some predictions for 2009, including:
- More vendo-financing of big software purchases
- Growth of cloud computing, with inevitable complications
- Problems as dual-core processors run applications written for earlier technology
- Pressure on VMware to improve its marketing
- Limited returns from business investment in social networking (I disagree on this one)
- Innovation on the applications front.
Lanowitz says, "Slashing IT budgets in this environment perpetuates the mentality that there's never enough time or money to do it right but always enough time and money to do it over. While some cuts may be necessary in the short term, we're advising our clients to be highly prescriptive and instead invest in application lifecycle innovations to deliver strategic business value."
Other highlights from a report titled "Fortune 500 Spending Required for IT Cost Savings" (free registration required):
# Requirements Are Key -- Solid requirements gathering represent the building blocks for successful software implementations. Accelerating and streamlining the requirements process will contribute to significantly higher project success rates;
# Reap ROI from Software Production Management -- Leveraging the latest innovations in application lifecycle management can significantly reduce development costs and improve delivery times;
# Invest in Virtual Lab Automation -- The virtues of virtualization are well documented but less known are the benefits that can be realized by deploying virtual lab automation technologies to streamline the software testing process;
# Jettison Homegrown Tools in Favor of Commercial Solutions -- IT organizations that have grown too reliant on their own homegrown software tools will be at a disadvantage compared to those that embrace commercially developed, non-proprietary solutions.