The most recent economic downturn has caused a horrific amount of pain, but anyone associated with information technology likely still winces when recalling the post-dot-com, post-Y2K bubble burst of 2001-2002. The entire industry went into a sales slump, with tech companies crashing left and right, along with massive layoffs of IT professionals.
Things finally started picking up after a couple of years, but what was the spark that got tech back on its feet? A knowledgeable colleague of mine points to one thing, and that was the spate of government regulations and mandates that came down the pike, especially Sarbanes-Oxley (SOX), which required that businesses know exactly where their corporate data was coming from. To meet these draconian requirements, companies started buying new software packages left and right, and rehiring people who could install and integrate the new applications into their operations.
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