The global economic slowdown put the brakes on significant amounts of IT spending. But recent reports from research company IDC (a sister company to CIO’s publisher, CXO Media) indicate that a rebound is on the way as early as 2002. The reports, including “After the Crash: Where Do We Go from Here” and “Global IT Economic Outlook, 2001,” paint a picture of an economy?and IT budgets?ready for growth in the coming months. According to IDC analyst Kevin White, the reasons are simple: Fundamental IT drivers?the desire for additional productivity gains and the continued emergence of the Internet?will force companies to implement new technologies. Those needs, combined with renewed economic momentum derived from interest rate cuts and signs of stability in the stock market, will begin to affect IT spending during the coming year. White also pointed to projections for future e-commerce spending?worldwide growth from $350 billion in 2000 to $5 trillion by 2005?as signs that IT spending can’t stay flat for long.“We’re not anticipating that there’s going to be an overnight recovery,” White cautions. But at least it appears that better times are on the way. Related content Opinion 5 hard questions every IT leader must answer Strong leadership is vital to IT success — and shouldn’t be taken for granted. Continual self-reflection is essential for knowing whether it’s time to restructure your approach to leading IT. By Thornton May Mar 28, 2023 5 mins Business IT Alignment IT Leadership Feature CIOs address the impact of hybrid work Assessing how some of the most progressive CIOs strive to provide both technological and emotional support for a dispersed workforce. By Pat Brans Mar 28, 2023 8 mins CIO Remote Work Employee Experience BrandPost Smart UPS Connectivity: what it is and why you need it By Veronica Lew Mar 27, 2023 4 mins Remote Access BrandPost Huawei’s F5G rollout plan signals new wave of green technology and digital transformation At MWC, Gu Yunbo, President of Huawei’s Enterprise Optical Business Domain, sat down with CIO to discuss a raft of new F5G launches, and what they mean for enterprise computing. By Peter Kirwan Mar 27, 2023 4 mins Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe