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» Buoyancy has returned to the oil and gas industry as prices stabilise in the range of US$50 to $70 per barrel. Capital spending is rebounding and new upstream projects are being launched weekly. In previous cycles, this is about the point where executives forgot the hard-won lessons of the downturn and began to spend again, pursing growth at the cost of efficiency.
» Every company's technology situation has unique aspects, yet most share a common trait: No matter how much they spend on technology, executives are often disappointed with the results. This creates a tension similar to how Leo Tolstoy described families: "All happy families are alike; each unhappy family is unhappy in its own way." And with technology spending expected to grow at 3.1% annually over the next five years, IT leaders feel intense pressure to deliver better results.
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