The US sub-prime mortgage lending crisis could lead to economic losses totaling between US$150bn and US$400bn, according to The Wall Street Journal. While this dwarfs the effect of previous disasters such as the dot com bust, analysts remain optimistic that its effect on IT budgets will be flat, rather than disastrous.
A research paper released yesterday featuring a list of the top 10 predictions for government IT worldwide has indicated that tech-savvy departments will begin to adopt Web 2.0 applications this year.
The new wave of government CIOs is business and relationship focussed, with IT knowledge being pushed into the background, according to analyst firm Gartner.
The US sub-prime mortgage lending crisis could lead to economic losses totaling between US$150bn and US$400bn, according to The Wall Street Journal. While this dwarfs the effect of previous disasters such as the dot com bust, analysts remain optimistic that its effect on IT budgets will be flat, rather than disastrous.
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