Has the Glory Gone Out of Working in IT?

Why did you make a decision to go to work inside the IT subject? I can clearly simplest speak for myself, however there was a bit of glamor to the IT discipline after I entered it. Everything seemed to be so bright and new and alternate became taking place so rapid which you simply knew that this turned into going to be "the place" to be so one can have a wonderful career. Is that also actual or has something essential changed approximately our profession?

 

What Tom Siebel Thinks About IT Today 

Randall Stross over on the New York Times ran across a speech that Tom Siebel (founded Siebel Systems, made Billions of $) gave to some Stanford engineering padi college students approximately the modern-day state of the IT enterprise.

 

Basically Tom said that he feels that IT has grow to be a mature enterprise. He expects that going ahead it will be growing at a price this is no quicker than the general economy. What he was certainly announcing is that he thinks that IT's glory days are in the back of it. In reality, he thinks that the celebration changed into over as of approximately 2000.

 

What Happened To IT? 

Siebel has long gone back and run the IT industry increase numbers. It is his perception that there have been about two decades from 1980 to 2000 wherein the IT industry skilled runaway growth costs that averaged out to about 17%.

 

Why has it all stopped? Siebel believes that we've got carried out what we set out to do: "the promise of the post-commercial global has been found out."

 

Furthermore, Tom believes that what stays to be executed certainly isn't always all that thrilling(!)

 

Re-Looking At The Numbers 

Stross reached out to Dr. Shane Greenstein at Northwestern University and asked him to relook at the IDC numbers. Good news for anybody running in IT, Dr. Greenstein has drawn a few one of a kind conclusions approximately in which IT stands than Siebel did.

 

It turns out that in case you take a close study IDC's annual IT spending estimates, they show that there has been a 11.6% spending rate from 1980 - 2000 instead of 17%. I'm not certain if this facts goes to make you happy, however it does factor out that Siebel's numbers had been simply a bit off.

 

What became even extra interesting about this second bypass at crunching the IT boom numbers is that it seems that the maximum golden years of IT have been inside the 1960's. The motive that this become the pleasant period of develop became because it changed into whilst the usage of mainframe computers spread widely. Way back inside the years from 1961 to 1971 the compounded annual increase rate changed into 35.7%. That's why IBM were given to be so massive!

 

Final Thoughts 

Look, IT is (still) a first-rate area to be working in. Yeah, yeah if you have a look at certain reviews it is able to seem like the increase charge of the IT field is starting to go down. However, you want to recollect something very essential: declining boom costs over the years are to be expected - it does not take many sales to expose huge percent gains whilst the bottom is small.

 

I don't know approximately you, but I'm going to take comfort within the truth that after the financial system recovers, there is no dearth of unfinished projects for IT. Now it is going generate some extreme increase within the IT field!

 

CIOs who believe that IT's glory days are nevertheless beforehand of it and who don't get held lower back by using reviews of declining IT industry boom numbers will continue to search for ways to use IT to allow the rest of the business enterprise to grow faster, move quicker, and do extra.