Some IT sectors may profit from downturn

The economic news has been bad all around, from both a personal and a corporate perspective. But some IT sectors may actually prosper from the economic turmoil and be poised to help clean up the mess from the financial fallout. A story at eWeek.com points out that companies involved in e-Discovery, archiving, enterprise search, risk management and secure file transfers could find their products and services in high demand.

As the government takes over banks and investment houses and tries to unravel the mortgage mess, there will be lots of digital research needed to get records and find out who made the bad decisions. They are also going to be looking for who was cheating and who ended up with money. Prosecutions, indictments, lawsuits and civil actions will be forthcoming, and lawyers will be scouring through disk- and tape-based storage on all levels for documents, emails, spreadsheets, web archives, PowerPoint presentations, IM transcriptions, audio tape and videos.

All this will benefit e-Discovery firms like Kazeon, Autonomy, Clearwell Systems, Attenex, Symantec, Seagate Technology's MetaLINCS, Iron Mountain's Stratify, LexisNexis, Recommind and some other smaller companies.
 
For more on this surprising turn of events:
- check out this eWeek.com article