Web2.0: Symantec CTO validates spending and surge

In a keynote at Symantec’s annual user conference, Ajei Gopal presented some key data points to validate the impending surge in tech spending. According to him, the IT sector as a whole is on the brink of a major innovation and spending cycle. He also presented a chart showing the IT-investments-to-GDP ratio growth overlaid with the advancements in computing and echoed the unabated progress in hardware; commoditization of memory, disk, CPU devices have reduced the prices by factor of thousands with net increase in ROI.
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If this is an indicator of change, we are also seeing spurt in funding activity which is a strong supplementing signal.
This is also changing the rules of entrepreneurship and the startup culture, with incubators like “Y Combinator” seeding companies for as little as $6,000 while trying to replicate the success of Flickr and del.icio.us (both got acquired by Yahoo); wherein Google is saying that the whole valley is the research lab and then acquiring companies for a little change.
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