Government Futures Launches: Pioneering Company Sees 10 to 25% Drop in Federal IT Spend

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Industry veterans form Web 2.0 firm to anticipate future government-business environment 3 to 5 years out.

We see two trends converging: big changes in how the public sector works with and spends in the private sector, and new Web 2.0 methods of collective intelligence to help us see over the horizon. Government Futures is aimed at the spot, in Wayne Gretzky's words, 'where the puck is going to be' -- at these trends' convergence.

Government Futures, LLC, a new Web 2.0 company for the government sector, today announced its entrance into the federal market and released its first See the Future report. Entitled "Government 2.0: Are you Ready?", the report foresees a 10 to 25% drop in the federal government information technology budget in the next 36 months. Other changes highlighted in the report include a shift in buying power from CIOs to program and mission owners, and a substantial transfer of project risk to the private sector.

Government Futures uses a collective intelligence approach in a Web 2.0 environment to deliver unexpected, actionable insight that enables industry and government stakeholders to anticipate and shape change. Collective Intelligence emerges from collaboration and debate among independently-deciding individuals, and can produce more accurate insights than a handful of experts. A Web 2.0 environment enables participation and community, and encourages users to add value to the information as they use it.

"We formed Government Futures to help government and industry anticipate the federal business environment three-to-five years out, and to enable better decisions today to shape that future," said Bruce McConnell, president of Government Futures. "We see two trends converging: big changes in how the public sector works with and spends in the private sector, and new Web 2.0 methods of collective intelligence to help us see over the horizon. Government Futures is aimed at the spot, in Wayne Gretzky's words, 'where the puck is going to be' -- at these trends' convergence."

McConnell noted the company will generate revenue from the sale of research reports, public and private events to translate the story-behind-the-story, consulting, and web-based services.

Government Futures is providing an on-line Open Space to a growing community of government and industry thought-leaders. This collective intelligence environment -- —surveys, forums, wikis, prediction markets, and the perspective of seasoned advisers -- enables the creation and sharing of information and ideas around community-generated topics. These lead to actionable trend forecasts that are the foundation of its See the Future series and consulting for organizations wanting customized insight.

Industry Endorsements

"Gaining longer term perspective on the government marketplace using the proven tools of collective intelligence with government and industry thought leaders is an empowering new resource for companies dealing with the largest IT customer in the world," said Harris Miller, industry guru and former president of the Information Technology Association of America (ITAA).

"Change is coming to this market faster than ever. The successful companies will be those that recognize this and anticipate how change will impact their customers. Government Futures is a key new asset for these forward-thinking companies," said Jim Kane, President and CEO of the Systems and Software Consortium (SSCI).

Government Futures' second See the Future Report, "Post-Election Impacts," will be available on November 14th. Future topics will include the future of government process outsourcing, the direction of ethics reform in government procurement, and the improvement of mission performance of national security organizations. The community and clients will drive additional directions.

About Government Futures, LLC

Government Futures, LLC is a pioneering research and consulting company that helps decision makers in the government-industry community understand and shape the federal business environment and their position in it three to five years forward. Founded by community veterans Bruce McConnell and Margaret Anderson, and aided by a council of seasoned advisers, the company enables the community to collaborate and develop its own collective intelligence. Government Futures advises companies and other organizations that desire to apply the techniques and results of collective intelligence to shape the future. For more information, or to participate in surveys and the community, please visit http://www.governmentfutures.com/?campaign=PRWebLaunch10.27.06.

CONTACTS:

Margaret Anderson

Co-Founder

Government Futures, LLC

1301 K St. NW – Suite 450 West

Washington, DC 20005

703-573-0134

http://www.governmentfutures.com/?campaign=PRWebLaunch10.27.06

Media Contact:

Julie Keyser-Squires, APR

Softscribe Inc.

404-256-5512

http://www.softscribeinc.com

Press Conference

October 27, 2006 9:30 a.m. EDT

National Press Club

529 14th St NW

13th Floor, Peter Zenger Room

Washington, DC 20045

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