Tech Spending

Several reports have IBM, HP and Oracle predicting increased technology spending over the next year
http://www.cio-today.com/story.xhtml?story_id=113007FDPQ4R&nl=5
It couldn't come at a better time. The US economy hums when tech spending is up, we tend to reclaim our edge as the innovative giant of countries. A lot of spin is being put on business intelligence. With all the data being accumulated by enterprises the ability to analyze and pick trends that will take your business to the next level is now a critical business process. Tech giants have followed suit; HP buys 3Par, IBM buys Netezza, and Oracle announces their latest analysis engine.

The lesson here is that all companies, big and small, should jump on this bandwagon of tech spending, as long as it is where your business needs it. Small businesses often don't do the same level of spending on what they perceive is "big company" technology. Business intelligence often falls in this category. My belief is that business intelligence and analysis is more important to a small business than many large corporations. Finding an important business trend or anomaly is the difference between making it or not in a small business.