The news of doom and gloom has seriously impacted everyone. In today’s time, it is essential and pragmatic to consider all facets of the business before making a financial commitment. We need to plan how to operate at the low-end of the revenue growth curve and implement a cost structure that aligns with the extreme scenario.
Everybody is waiting for the economic situation to reverse but in the meantime, we have to look at the available resources and ensure that they can be used to the best of the companies benefits. Turbulent times are best opportunities to explore new ideas and to implement disruptive changes. There are several new technology ideas that are getting ripe for deployment.
In the meantime, it is highly important for CIOs to allow teams to research on new ideas and innovative ways of leveraging consumer and Web 2.0 technologies. The next two quarters that we have can be utilized to set up teams that can help analyze, study some key technology areas like Virtualization, Cloud Computing, Software as a service (SaaS), Business Intelligence (BI), Enterprise Search Solutions and their implementations.
In a situation like this, it is very important to hold on to our customers, be more flexible in our work and approach, and empathize with them. We must anticipate the situation that our customers are likely to be facing and explore ways of how we can help them emerge stronger in these difficult times.