Credit cards with magnetic stripes are prone to cloning. Around the world, there is a great push for all credit/debit cards to be issued with EMV chip. The problem posted in this article will be greatly reduced when credit cards are replaced with EMV chip type. This will take time but it will happen. By then, will the criminals be smart enough to hack and copy the EMVchips just like the way they clone the magstripes?
Click to continue reading “EFTPOS scam costs Australians $80m”
I am pasting the entire article from Gartner for our future references.
Gartner Trims Worldwide IT Spending Growth Forecast to 3.9 Percent for 2010
http://www.gartner.com/it/page.jsp?id=1393414
Analysts to Discuss Latest Outlook for the IT Industry During Upcoming Gartner Webinar “IT Spending Forecast, 2Q10 Update: Growth in an Age of Austerity” on July 6
STAMFORD, Conn., July 1, 2010 —
Worldwide IT spending is forecast to total $3.350 trillion in 2010, an increase of 3.9 percent from 2009 spending of $3.225 trillion, according to the latest outlook by Gartner, Inc. Gartner has lowered its outlook for the IT industry from the first quarter of this year when it forecast worldwide IT spending to grow 5.3 percent, primarily due to the devaluation of the euro versus the U.S. dollar since the beginning of the year.
“The European sovereign debt crisis is having an impact on the outlook for IT spending,” said Richard Gordon, research vice president at Gartner. “The U.S. dollar has strengthened against the euro during the second quarter of 2010, and this trend will likely continue in the second half of 2010, which will put downward pressure on U.S.-dollar-denominated IT spending growth.”
“Longer-term, public-sector spending will be curtailed in Europe as governments struggle to bring budget deficits under control during the next five years and to reduce debt during the next 10 years,” Mr. Gordon said. “Private-sector economic activity will also likely be hindered because of the direct impact of austerity measures on key government suppliers and the indirect impact caused by the ‘ripple effect.’ An effective policy response will be critical to stimulate investment in general and in IT in particular.”
Worldwide computing hardware spending is forecast to reach $365 billion in 2010, up 9.1 percent from 2009 spending (see Table 1). “The computing hardware sector continues to benefit from a healthy PC sector, which accounts for two-thirds of total spending in this area, and we expect PC shipments to remain robust throughout 2010 and 2011,” Mr. Gordon said. “Consumer shipments will continue to be powered by strong mobile PC uptake, while professional shipments will be buoyed by a new replacement cycle and migration to Windows 7.”
In software, IT services and telecommunications, the appreciation in the value of the U.S. dollar, especially against the euro, has acted to dampen U.S.-dollar-denominated growth in 2010.
Table 1
Worldwide IT Spending Forecast (Billions of U.S. Dollars)
| 2009
Spending |
2009
Growth (%) |
2010
Spending |
2010
Growth (%) |
|
| Computing Hardware | 334 | -12.4 | 365 | 9.1 |
| Software | 222 | -2.6 | 229 | 3.1 |
| IT Services | 763 | -5.3 | 786 | 2.9 |
| Telecom | 1,905 | -3.5 | 1,970 | 3.4 |
| All IT | 3,225 | -4.9 | 3,350 | 3.9 |
Source: Gartner (June 2010)
“Our latest IT spending forecast reflects the fact that the global economic outlook is stable but vulnerable to shocks in key regions and industries, which means that IT spending decisions are still scrutinized for value,” Mr. Gordon said. “CEOs are targeting 2010 as a ‘return to growth’ year, and to enable growth strategies, CFOs expect increased IT spending. However, CIOs are seeing only marginal increases in budgets and are constrained to essential enterprise IT spending with discretionary spending still on hold. In the consumer sector, confidence is improving, although consumers are still wary of the threat of unemployment.”
More-detailed analysis on the outlook for the IT industry will be presented in the Gartner webinar “IT Spending Forecast, 2Q10 Update: Growth in an Age of Austerity.” The complimentary webinar will be hosted by Gartner on July 6 at 11 a.m. eastern time. To register for the webinar, please go to http://my.gartner.com/portal/server.pt?open=512&objID=202&mode=2&PageID=5553&resId=1385514&ref=Webinar-Calendar.
Mr. Gordon provides further commentary on the state of the IT industry in his Gartner blog post “How will the European sovereign debt crisis impact IT spending?” at http://blogs.gartner.com/richard-gordon/2010/06/30/how-will-the-european-sovereign-debt-crisis-impact-it-spending/.
Gartner YouTube Channel
Additional comments from Mr. Gordon regarding the outlook for the IT industry are available on the Gartner YouTube channel at http://www.youtube.com/user/Gartnervideo. Additional videos with Gartner analysts are available at http://www.youtube.com/gartnervideo.
Additional analysis is available in the Gartner report “Forecast Alert: IT Spending Forecast, 2Q10 Update” at http://www.gartner.com/resId=1393214. The report provides more details on Gartner’s outlook for the IT industry through 2014.
Contacts:
Ben Tudor
Gartner
Tel (Media Hotline): +44 (0)1784 267738
Tel: +44 (0)1784 267298
ben.tudor@gartner.com
Christy Pettey
Gartner
+1 408 468 8312
christy.pettey@gartner.com
About Gartner:
Gartner, Inc. (NYSE: IT) is the world’s leading information technology research and advisory company. Gartner deliver the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the indispensable partner to approximately 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has approximately 4,300 associates, including approximately 1,200 research analysts and consultants serving clients in 80 countries. For more information, visit www.gartner.com.
I am a strong believer of weakening the power and authority held by IT department. For IT Operations, I would purposely weaken the amount of authority we have over data and accesses. We should put data ownership to the person that really owns it and not having a third person involved as a custodian. Of cause we can do that, but certainly not to be handed to the IT department. IT Departments provide the tools and means for the owners to work on their data. That’s it!
Click to continue reading “IT Organization is the greatest Security Hazard”
It is interesting to see how this will develop in the mid term. The take up rate for VDI is low as far as I am aware of. To make this fly, Telco must also join in the fray to offer “VDI enabled network” at a good price!
Microsoft has had a change of heart over virtual desktop infrastructure (VDI), and is making an aggressive push into the market with new promotions and Windows licensing changes designed to cut costs for organisations considering a move to virtual desktops.
Click to continue reading “Microsoft makes new push for virtual desktops”
Signs of increased spending with external service providers (ESPs) when the economy recovers, point to a return to growth in the IT services market in 2010 and beyond, according to a recent survey by Gartner, Inc. The survey showed that when the economy recovers, 85 percent of organizations anticipate that their spending with ESPs will increase or stay the same.
Here is an interesting article from Garner. With everyone rushing to virtualize their environment, we must realize that there is a show-stopper somewhere. No one is stopping to think about security because it is the last thing that is on the list of things to do for IT Executives. The general mindset is: “Cut cost first and then we think about security”
Are you one of them?
Through 2014, 80 percent of Fortune 1000 companies will have moved from individual plans and liability to corporate liability and pooling for voice and data, according to Gartner, Inc.
As companies increase their spending on wireless and adopt ever- more-sophisticated mobile devices, managing service costs, security and procurement has become critical. However, Gartner analysts said that many companies still do not have thorough wireless usage policies.
Click to continue reading “Wireless Cost Saving”
I have been operating and using SharePoint for more than 10 years and I feel that each new release of SharePoint is not catching up fast enough with the innovations and consumer needs that are happening in the industry. For example, I was hoping for twitter like feature in SharePoint. But my team having to end up relying on a cloud service – Yammer.com
Click to continue reading “Is traditional Applications dying a slow death?”
| No CommentsI have created a separate article in Squidoo to describe the difference between NetApp and EMC storage system. This article will be regular updated as I continue to investigate into the details of each set of solution. Note that even though my preference is NetApp, by no means is EMC’s product inferior. I believe the first thing you need to identify is the requirement for your organization. Enterprise storage system is a major decision in all organizations. You will most likely be locked in my the vendor of your choice. So, never just consider the price when making a purchase decision. What about the organization’s growth rate, expected ROI, what is the TCO of the purchase solution, etc. Talking about TCO, have you considered the administrative overheads as a result of complexity in operating it?
There are so much we can talk about. Join me at http://www.squidoo.com/netapp-vs-emc and feel free to share your experience in this blog or at the article site.
(Updated on 25 Apr 2009: Installation of 2GB RAM)
Take note that the tutorial has been moved to this location: Click here
Creative Management is Digg proof thanks to caching by WP Super Cache
