Longhaus often begins any discussion of the local ICT economy by outlining the role of application versus infrastructure renewal cycles. For some time we have been advising end-users and vendors alike to prepare for a period of application renewal that was to inevitably follow the last infrastructure boom; a boom that peaked in late 2007 when according to the Longhaus Australian Tech Index   activity in the local ICT economy reached 154.48 basis points above its turn-of-the-century levels. Longhaus continues to see significant evidence of this cycle, whether through increasing approvals of business and ICT projects from the Longhaus CIO Poll, or demand from new and existing clients for early market sounding through our Last Mile Markets service, the common signs of a change in the ICT economic cycle are all there. However, a new trend has emerged that should have many traditional application software vendors worried.