London 2012: Will IT be hit by credit crunch?

Funding for tech could fall short London has a vision of using technology to deliver a successful 2012 Olympics. But, asks Ovum analyst John O'Brien, will the credit crunch stop the city from fulfilling its dreams? The London 2012 Olympics Organising Committee (LOCOG) and Olympic Delivery Authority (ODA) face a unique and unenviable challenge over the next few years. Having set the wheels in motion, and made some good progress against their plans, they are now seeing some suppliers put on the breaks as the economic environment deteriorates. ODA chairman John Armitt has admitted to more challenging times ahead, with difficulties in securing private sector funding for the £1.4bn Olympic village and media centre. It's possible the government will now need to dip into its £2bn contingency fund to help get these projects off the... [read full story]