It would be an exaggeration to say that 2004 is IT boom year, but things are definitely getting better
. Steady growth, solid returns and improving credit quality are some of the features of the IT world today. 2004 will, no doubt, go down as a year of moderate overall growth in technology spending, but at least there is
actually growth, and that is a very good sign indeed. Helped by an improving economy, more balanced industry inventories and a focus on cost cutting, the IT industry is well on its way to healing itself of the serious downturn that characterised the early part of this decade.