Tuesday, October 07, 2008

Economic Crisis and Software Industry

The impact of Global Economic Meltdown will have couple of very significant effect on the It and software Industry:

1.0 More Telecommuting and VPN will be embraced.

2.0 Managed Services will be wide spread

3.0 More Software Development will be outsourced.

4.0 More Technical Jobs will move to India/China.

5.0 Web 2.0 will be embraced aggressively

I think the middle management in Post industrial economy will be brutally reduced.

These are my personal opinion.

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