FT.com / Technology - TECHNOLOGY LITE: The shrinking IT department

FT.com / Technology - TECHNOLOGY LITE: The shrinking IT department

TECHNOLOGY LITE: The shrinking IT department
By Dan Ilett

Published: May 9 2007 11:36 | Last updated: May 9 2007 11:36

Business leaders are learning a few lessons about IT. After spending small fortunes on equipment and technical specialists over the last decade or so, many have started to realise that a lack of cost savings and profit avenues from these investments means a shake-up is required.

In a bid to reset the IT profit model, larger businesses are now starting to mimic smaller ones by contracting specialist IT companies to service their technology while they focus on selling their product.