One might think that the software industry is performing very well because it is armed with object-oriented approaches, Web services, Java and NET technologies, and so forth. Unfortunately, this is not true.

There may be something wrong with the way we write programs. The process has not changed much during the past twenty years, except that applications and tools are getting bigger. Yet are they better and more scalable? Do they require any common sense? Can they be reused in different circumstances?

If these things were true, I do not think we would be rewriting the address book, schedule, order, and inventory applications over and over again instead of moving to new, untouched tasks. We would be able to accumulate the professional knowledge gained by millions of knowledge workers (everyone who manages information flow on a daily basis) instead of routinely losing it, as we do today. We would also not be facing the current IT crisis.

We could even have had more precise and direct access to the market's supply and demand, which would have reduced the glaring inefficiencies of the software marketplace of the 1990s. A big change is required to return investors' confidence to IT, and, hopefully, the change is coming.

Yes, technology can help economic stability if applied with precision. Sometimes I wonder why big companies are constantly growing bigger while small ones tend to disappear.