I just can’t do it. There is a stack of folders above my desk with ideas for this column collecting dust. For months now, I have wanted to write about advances in wearable computing, Smart Spaces and the Wi-Fi wave. But, I just can’t. What’s preventing me is not their potential, which makes me feel like a kid in a candy store, but their current relevance to Corporate America, right here, right now.

The "new economy," which placed a lower case "e" in front of the word "business" and proclaimed to the corporations of the world that business itself had fundamentally changed, has stumbled in a big way. The realities of business are back: revenue is good, risks need to be carefully managed and eventually, hopefully sooner-than-later, profits need to appear. These realities have many CEOs looking at their investments in IT and wondering where the ROI is or when, if ever, it can be achieved.

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