PanelCast 2019 Predictions: Economic Volatility Will Impact Enterprise IT in 2019
The economy can’t be ignored. We’ve enjoyed a decade-long rally that has propelled startup fortunes and enabled enterprise customers to make new investments. Do you think that will change in 2019 as we see increased market volatility and, if so, what do you think the outcomes look like?
Panelist responses to this audience question:
As a rule, market volatility impacts underlying budgets, and it can have an effect on the way organizations make investments. Panelist Theresa Miller (Cohesity) hopes that businesses have been smart about the high earnings they’ve enjoyed during this rally, but she doesn’t think a downturn will slow development or growth significantly.
More than anything, it’s likely to lead to a higher awareness of ROI. “If and when we do get into a slowdown or even a recession, I think that you might see a change in how people behave in terms of being more cost conscious and having more hard dollar conversations,” predicts Sirish Raghuram (Platform9).
The good news is that IT has considered the possibility of a downturn, and is preparing for it in the form of tools that provide better visibility into the ROI and TCO of applications.