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The Role of Technology in an Uncertain Economy

Time: 07:21 EST/12:21 GMT | News Source: Microsoft Press Release | Posted By: Kenneth van Surksum

During the past few months, astonishing changes have shaken the global economy. The world has witnessed the bankruptcy of financial stalwarts such as Lehman Brothers, and the forced takeover of Washington Mutual in the biggest bank failure in U.S. history. In the midst of all this, stock markets around the world have gyrated wildly and governments have taken unprecedented steps to loosen frozen capital markets. Consumers have taken note of this turmoil, and have reacted by reducing spending on cars, retail items, dining out and more.

Clearly, this is a time when business leaders must demonstrate some caution and savvy business acumen. Yet, it�s also important to maintain business momentum. Microsoft Chief Information Officer Tony Scott believes that innovative technology can improve efficiency, reduce costs, and improve business ability to respond to changing business conditions. Microsoft uses an array of technology tools to achieve those goals, enabling growth even in this challenging economic environment.

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