This, I believe is at the heart of economic downturn. I believe across the board, companies are under spending on IT. In addition, the quality of personnel is down, since we've been on a downward trend in Computer Science degrees since about 1985. There is still a massive gap between what companies are doing with IT and what they could with more people with computer science professionals.
Here's a link to evidence showing the IT demand far exceeding analysts expectations. With the big data that companies need to master, this will continue. IT Employment Continues Ascent; Bucks Broader Economic Trends
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