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Finding and retaining the best software engineers, business analysts and application architects is going to be the "single biggest challenge" for corporate IT departments, they said.

Furthermore, corporate IT departments will have to keep speeding up the development cycle if they want to keep senior managers happy. Hotle said Gartner surveys showed that, starting a year ago, corporate developers were working on a six- to nine-month development cycle. That was down from an average 15- to 19-month cycle three years ago, he said.

"Corporate IT to Compete for Skilled Engineers"

Man, I wish I could find that link from a year ago or so that said, "times are tough, but if you piss off your workers now, you're just gonna hurt later when times aren't tough."