The problem, however, is that firms can only act in a bespoke manner if the right human resources are in place.
Many companies have under-invested in in-house IT during the past five years. Attracting new IT staff will be tough enough, but existing people will also move on if they feel they haven't been looked after during the downturn.
Such moves will occur because top IT professionals will have more options in the upturn. Increased demand for digital innovation will lead to a scramble for talent and key technology skills.
Attracting new IT staff will be tough enough, but existing people will also move on if they feel they haven't been looked after during the downturn.
Firms that have pushed down too hard during constrained economic conditions will find their desire for growth is left floundering due to a lack of talent.
As one CIO said to me recently, preparing for economic change is always complex but getting access to the right people in an upturn is absolutely crucial. So, is your business ready for a move to a higher gear?
Dr Mark Samuels, editor at advisory organisation CIO Connect, examines the future role of the IT leader in his monthly column.
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