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Friday, April 28, 2006

Bleak IT forecast has bright spots

"Despite an overall bleak outlook for federal growth in information technology spending in the next few years, there are some bright spots, said Ray Bjorklund, senior vice president and chief knowledge officer at Federal Sources Inc.

Some specific agencies and projects should remain lucrative, and new federal initiatives such as the lines of business will provide new ways to approach opportunities.
Successful companies will be those that migrate or morph to adapt, he told an audience at FSI's annual Market Outlook Conference today.

FSI projects the top individual projects for fiscal '07 to be:

The Defense Department's Business Transformation Agency, $215.9 million.

The Agriculture Department's Financial Management Modernization Initiative, $52.7 million.

The Interior Department-National Business Center's Center of Excellence for the Financial Management Line of Business, $49.1 million. "

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