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Firms Now View IT As Cost-cutting Tool

2010-12-21 08:43:12

Published on 2010-12-21 08:43:12

Businesses that buy ink and toner cartridges for use on their premises no longer view IT as an unnecessary expense that could easily be cut during difficult times.

According to Gerry McLaughlin of, firms now view IT as a cost-cutting tool. 

Speaking about how well the IT jobs market fared during the recession, Mr McLaughlin, said IT "sat out" much of the global downturn, with IT salaries and contract rates going relatively untroubled throughout the period.

There has been a "sea change" in firms' perception of IT, Mr McLaughlin feels.

"Whereas previously it was seen as a cost that could easily be cut when times are hard in order to protect the bottom line, it is now seen as an enabler of cost-cutting in the business."

This month (December 17th), the Centre for Economics and Business Research said that IT will be at the forefront of business recovery over the coming years, creating 93,000 new jobs by 2015.

Posted by Canzil Ahmed.

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