Last year, same time, the world economy was undergoing a crisis, and I'd written about how the slowdown could be treated as an opportunity in itself. The slowdown went from bad to worse over the course of the year, and it actually became the worst one we've seen in so many decades. Back then, I'd written that the slowdown was a way for the market to correct itself, and is a normal part of the economic cycle. My advice was to focus on using IT during the slowdown to improve efficiency, reduce costs and cut complacency, etc. We did see that happening, with organizations trimming their IT budget, and using IT to save cost, and automate business processes to improve efficiency.
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