Breaking IT's seven-year innovation drought

A lack of disruptive technology caused enterprise IT spending to stall between 2002 and 2009. That trend is now reversing, with new technologies disrupting traditional businesses models and forcing investment.

In the Bible, Joseph’s interpretation of Pharoah’s dream predicted that Egypt would see seven years of fat, good harvests and plentiful food followed by seven years of lean times, poor harvests and starvation.  The prediction encouraged Pharaoh to save in good times to compensate for bad times.

The exact opposite has happened to IT.

IT is coming out of an innovation desert.  IT has had more than seven years of lean finishing almost a decade in which cost cutting, outsourcing, and cloud dominated technology innovation.

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