In the current economic climate, most of us are closely watching our spending. However, if you've reduced spending to only what is essential to day-to-day operations, you may be putting your company at a disadvantage. Smart CIOs are preparing for the future now and positioning their IT group and company to come out of the blocks strong when the economy starts to improve.

Now is the time to do the things you are too busy to do when business is booming. It's the time to rearchitect, refactor, renegotiate, simplify and eliminate.

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