Experts at the just concluded Intellect Annual Regent Conference 2009, which held in London, have predicted that traditional technology vendors face tough times as the occasion calls for alternative technologies available in Open Source.
Chairman of analyst house TechMarketView, Mr. Richard Holway, was quoted as saying in a report by ZDNet that in a recession people would actually get an accelerated adoption of new technologies.
Chief research officer and senior vice president at IDC, Mr. John Gantz, concurred, saying that the economic crisis would force some companies to make technological changes they may not have made.
Some of these alternative technologies, experts listed to include software-as-a-service (SaaS), open-source software and cloud computing, all of which go against the business models of the tech old guard or at best the proprietary methods.
Holway also said some companies would find it increasingly difficult to remain relevant as businesses realize the benefits of this technology during and after the economic slump.
These emerging technologies will provide better value for money as businesses struggle with cash flow but could also prove to be better bets in the long term as well.
"Leading technology users will use the downturn to pull further ahead," Gantz said.
Holway noted that he thinks there are now bigger opportunities for change than ever before, warning "I believe the power of Microsoft over the next period will be severely weakened. The whole model that Microsoft has got is under severe threat."
Ian Smith, ex-regional senior vice president for Oracle UK and now managing partner at AndersonBick Consultants, said: "SAP, Oracle — if they're not prepared to change, potentially, they are dinosaurs. If these companies aren't smart, they could become dinosaurs."
Kate Craig-Wood, managing director of hosting company Memset, said open-source technology could also be a big winner as a result of the economic crisis.
She said: "I think the current period could be a catalyst for a large move to open source. Again, I think that's a big threat to Microsoft."
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