Should I eliminate my IT during this economic downturn to save money? The answer is suprisingly…No. There are many ways that IT can help you become more efficient, save money, and actually come out ahead of your competitors during this difficult time.
This talk was part of the Winston-Salem Chamber of Commerce Tech Council Speaker Series that was presented on June 4, 2009 at the Piedmont Triad Community Research Center building located within the Piedmont Triad Research Park. This was a panel discussion from a group of IT professionals and was moderated by Martin Davis, Head of Integration Technology, Wells Fargo. Martin did a great job of providing just enough input to get the most out of the panel as a whole. The other panel members were Jim Capps, President and CEO of Solid Space Inc, Travis Hargett, President of Eastridge Technology, and Sean Scott, Chief Information Officer (CIO) for Womble Carlyle Sandridge & Rice (Brian Platz, Chief Executive Officer and co-founder of SilkRoad technology was unable to make it due to travel delays). All panelists provided great information to the audience of 75+ people. Below is a list of the discussion points addressed throughout the panel discussion.
1. Discussed what the IT department can do during this economic downturn in order to keep increasing the productivity of the company.
2. How do companies view innovation as a means of getting through this economic downturn? They discussed:
- Bringing IT into the strategic plan of the company.
- Utilize IT to help with workflow automation such as managing employees (hiring).
- Develop and provide a means to continually show the data/progress. Employees and especially customers like to monitor the progress.
- Utilize technology to be proactive in order to avoid problems from occuring in the future.
3. They discussed technologies on the horizon:
- Cloud Computing
- Software as a Service
- Consolidation and Virtualization
- Growth of the fee for service companies for small to medium sized companies rather than having a full time IT employee/department.
4. Discussed ways the IT department can help save money and gave examples of companies that leverage innovation to gain a competitive edge.
5. What types of things are done that are not cost effective?
- Change for the sake of change. They went into detail regarding the 80/20 rule. This rule is in regards to the fact that when software packages are purchased, normally only 20% is used while 80% just “sits on the shelf”.
6. Are there jobs out there for IT and how does one stay competitive?
- Based on employment data it is in the top 10 for job opportunities for the forseeable future.
- People can stay competetive by staying up on the technology changes that are normally occuring every 3 months. Certification is also a key means of staying competitive.
7. What are the upcoming skill sets and areas for IT professionals?
- Data/Network Security Field
- Programming/Development on the decline.
- Virtualization, including cloud computing will be the next big thing.
8. Finally they discussed how networking/communications is normally taken for granted but underlies the success of the entire IT field. They also discussed some of the open source platforms and felt they were getting attractive but were limited by the number of users.
Overall the panel discussion provided a wealth of information for IT professionals as well as those of us not in the IT world but always in need of these professionals. The networking that followed was also equally as productive as it gave a chance for many of the audience members a chance to chat with each other as well as the panelists.
The next Tech Council Speaker Series will be September 15th from 9:00-10:00 at the Babcock Auditorium of Wake Forest University Baptist Medical Center. The speaker will be John McConnell MD, the Chief Executive Officer of Wake Forest University Baptist Medical Center.
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