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 Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing 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