Economic recession has had a global impact on every sphere, especially the financial field. It is a very tough end to 2008. The stock prices keep going down. Many enterprises are forced to lay off employees and streamline administration in order to reduce costs. There are a great number of small-to medium-sized enterprises which go bankrupt.
Although it is an unfavorable situation, IT industry is trying to find its way out. IT elitists float quite quickly arising form redundancy. Meanwhile, it is a good chance to employ world-class IT talents. Therefore, the speed of enterprise development can be accelerated.
At present, there are mainly small-to medium- sized enterprises in Chinese software industry so that industrial chain structure is not to the nines. Many enterprises pay too much attention to short-term profits, lack enough research and development of core technology and the sense of innovation to explore new software technology, and do not dig into various areas of the market.
Chinese IT companies should learn lesson from this economic crisis. They should strengthen their ability in research and development of core technology as well as the capacity to resist risks, adjust the structure of capital demand, diversify financing channels, integrate their own advantages, and optimize product structure. In other words, enterprises should endeavor to reinforce core competitiveness.
Owing to great impact, there will be a much fiercer competition in IT market after the storm. By means of adjustment and shuffle in economic recession, enterprises will go further in improving market competitiveness and deserve a bright future.
As a software outsourcing company, SDIT is doing its utmost to survive this storm.
SDIT News In 2009
