Emergic: Rajesh Jain's Blog

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Can IT come back?

September 21st, 2002 · No Comments

Asks the Economist: “As the locus of innovation moves on to other fields, can information technology ever regain its pre-eminence?”

It writes: “The excessive exuberance during the run-up to the millennium has saddled the IT industry worldwide with $750 billion of debt and some $250 billion of overcapacity. That is an awfully big hangover for it to overcome…an intriguing convergence of technologies is under wayas the medical, pharmaceutical and agricultural sectors adopt chip-based techniques.”

Economist Innovation

Tags: General

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