Shvetank Shah, executive director of the IT practice at the Corporate Executive Board, is in continuous contact with hundreds of CIOs and IT vice presidents. So I took the opportunity to ask him how CIOs have been reacting to the last few weeks of economic calamity.
Of course, 2009 budgets were already expected to be lean -- and now they'll need to be cut more. Shah says that CIOs who've already done offshore outsourcing and server virtualization are "scrambling to figure out where the next generation of cost-cutting will come from" when the CFO asks for another 15% cut.
