subject: It Consulting Commitments And Its Investments [print this page] IT consulting: focusing on growth strategies
Global IT consulting firms have spent the better part of 2009 trying to regain momentum. The global recession hit consulting firms harder than most, as many CIOs and IT managers were forced to cut what they viewed as discretionary projects to reduce costs. Although consulting revenues this year have taken a dive, firms are anticipating some minor growth in 2010 and slightly more aggressive growth in following years. ( http://www.bharatbook.com/detail.asp?id=132604&rt=IT-consulting-focusing-on-growth-strategies.html )
In order to deal with the current economic realities and prepare for what they hope will be a consulting rebound, firms have attempted to evolve their scope and capabilities, embracing what they see as areas of potential growth and services that customers will need as the economy improves. Of course, it remains to be seen whether these moves will be enough to jump-start the IT consulting market, or when customers will be willing to make larger consulting commitments and investments. However, these firms are betting that they have made the right investments now so they can capitalize on any forthcoming rebound if and when it materializes.
Key chapters :
Executive summary
In a nutshell
Key messages
IT consulting is down but not out
Firms push cost reduction linked to transformation
Business analytics as a conduit for innovation
Consulting firms prepare for growth in verticals and geographies
The state of the IT consulting market
Expectations of future growth
Year marked by accelerated M&A activity
Cost reduction remains a high strategic priority
Overview
HP
Accenture
Betting on business analytics
Not so new, with rising importance
IBM
Capgemini
Spurring global and vertical expansion
China and other geographies
Vertical industries
Future outlook
A challenging 2010
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