Recession 'could accelerate technology uptake'

News Article - 13 February 2009
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The recession may result in an acceleration of businesses deciding to invest in new technologies, which may include carbonaccounting software, one sector commentator has claimed.

Richard Holway, the chairman of TechMarketView, said that the speed of this could prove to be damaging to some larger companies and established organisations.

Speaking at the Intellect Annual Regent Conference 2009, he added: "In a few years time we're going to see a number of really big companies … [who have] all been out there for many decades either severely weakened or they won't exist in their current form."

The conference focused on issues such as trends in IT, telecoms and digital media expenditure that will affect businesses in the near future.

Mobile internet, utility computing, security, smart devices, emerging applications and product distribution as well as where revenue opportunities could emerge in the coming years was also discussed, along with an annual overview of market expectations for the immediate future.

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