Technology drives just about everything we do, and not just at our jobs. From banks to hospitals to the systems that keep the juice flowing to our homes, we are almost entirely dependent on tech. More and more of these systems are interconnected, and many of them are vulnerable. We see it almost every day.
Economic uncertainty is driving CIOs to halt projects, freeze hiring and pile more responsibilities on existing IT staff.
While most eyes are still on stopping the bleed on Wall Street, smart tech companies will likely take a page out of Warren Buffet's playbook by looking for merger and acquisition opportunities with stocks at multi-year lows.
The ongoing chaos on Wall Street could hold an upside for vendors of risk-management technologies and practices, as well as sellers of compliance management products.
September 2008 will certainly go down as one of the blackest months in Wall Street history. Venerable financial institutions such as Lehman Brothers, Merrill Lynch, and AIG abruptly vanished or were radically overhauled. Investors lost loads of money -- in some cases, fortunes -- and ordinary taxpayers are now finding themselves funding an industry bailout that could cost a staggering US$700 billion, perhaps even more.
