We pass to years have been rather difficult for IT in Explaindio Video Bundle 2020 general. Everyone from it managers to outsourcing companies to hardware and software vendors have faced the aftermath of what is the biggest economic recession since the great depression of 1930s. The secondary nature of contribution of IT to any business hit it hard as the IT budgets came under the axe and spending for reviewed.
On most balance sheets, spends on custom servers and software looked like flagrant indulgence to the top management. If that was not enough, outsourcing suddenly looked like a demonic practice that terminated the livelihoods of the deserving and the needy.
While much of this was an overreaction and people realise so, the economic conditions are still far from rosy. For those who have the pragmatism, if this is an ideal opportunity to strike beneficial long-term deals with cash strapped it vendors. Be it hardware or software, for almost every one face the backlash of the recession badly as they saw peers unable to survive the shrinking budgets. Companies can use these raw feelings to their advantage to bargain better deals from the vendors. The key is to outline long term plans and define budgets quotes for long duration