Knowledge Infusion is asked daily and is monitoring the state of where the market is when it comes to trends, patterns and changes in the HR and Talent Management technology community. During the last week we have heard of:
- Layoffs from the ERP and Talent Management vendors
- Layoffs from some of the major consultancies
- Decreases in forecasts
- Decreases in inquiries
IDC's new IT spending survey supports some of these trends. IT spending will be down:
- Global IT growth will be down from 5.9% growth in 2008 to 2.6% growth in 2009; over a 100% decrease
- In the US, growth will be down from 4.2% growth in 2008 to .9% growth in 2009; over a 400% decrease
Quote from IT findings:
"Technology is already deeply embedded in many mission-critical operations and remains critical to achieving further efficiency and productivity gains," he said. "As a result, IDC expects worldwide IT spending will continue to grow in 2009, albeit at a slower pace."'
What are your thoughts? How do you see your HR technology spend in 2009?
Would love to hear your thoughts
Another infusion of knowledge...
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Systems don't mean anything if you don't have the process behind it. I think we will see 2009 become a process refinement year keeping the dollars in house to clean up our own backyards. Then better leverage the best of NEED vendors for the processes we will want to automate, be interactive with , etc. in 2010.