The recession could prompt a number of IT organisations into producing technology that is more efficient and productive than existing solutions, it has been suggested.
According to financial services company KPMG, the technology sector's output could become much more "practical and constructive" as a result of the added pressure under which companies are currently placed.
Tudor Aw, technology partner at the company, suggested to those in attendance at the Intellect Regent Conference 2009 that desperation can often breed innovation.
"You'll get much clearer, far more focused companies that exist and can drive through technology that's useful, productive and relatively profitable for everyone concerned," he said.
Mr Aw claimed that the credit crunch will bring about an "enormous rationalisation" in the IT industry, which could lead to better deals for enterprises and consumers.
According to a study of major corporate technology acquisitions taking place across Europe in 2008, companies were nine per cent less willing to take on new systems compared to the previous year.
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