back to article Gartner cuts 2009 IT spending forecast

IT analyst house Gartner Inc has slashed its global tech spending forecast for next year to growth of just 2.3 per cent. The research outfit was forced to significantly downgrade its previous 5.8 per cent growth prediction for 2009 because of the financial storm currently thundering across the world’s economy markets. IT …

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  1. Pete Silver badge

    forecasting the unmeasurable

    That's the lovely thing about all these prognostications that Gartner continually comes up with: not a single one of them is independently verifiable. Even if some other organisation has the temerity to question these goat-entrail style guesses, they can simply say that they were measuring a different set of attributes - or used some other definitions.

    Even if they do turn out to be correct - there is no way that knowing these generalities can be used in any actionable way, by any of the businesses affected.

    However, not to be outdone, I am planning to unveil the Pete Index. This is a broad measure of the amount of uncertainty in the IT world. This uncertainty can arise from fear of recession - leading to uncertainty about shrinking markets, or from growth - leading to uncertainty about how to grow your business. The P.I. will also include uncertainty about uncertainty itself - we're not sure what it is that we don't know. I am pleased to announce that the P.I. has increased from it's baseline figure of 1000, to 1002.073 just while I've been writing this piece. This increase is due to the uncertainty in how this posting will end.

  2. Tom
    Happy

    LOL

    LOL @ Pete

  3. Ken Hagan Gold badge
    Alert

    No sh*t Sherlock!

    As the world spends several trillion spondoolies trying to ressusitate the banking system and just about economic indicator is nose-diving, Gartner takes a brave leap into the darkness and says, "Lo! Things may be a bit tight next year.".

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