
But survey says delivering long-term value still a touchy subject
By Andy McCue
Published: 8 July 2004 12:20 GMT
Business confidence in IT is improving but technology is still failing to deliver long-term value, according to a survey of CIOs.
Out of the 175 CIOs questioned worldwide, 85 per cent said the perception of IT in the business has improved. But the results show many organisations are still struggling to demonstrate and deliver returns on new investment in IT.
Almost two-thirds of CIOs agreed that IT projects should only be linked to business need but only a third admitted to producing clear business cases before embarking on any IT projects.
More damningly, most CIOs do not have confidence in the ability of their firm to manage project risks, with only 21 per cent claiming they manage the risks arising from business change well.
The ability of CIOs to deliver cost savings also varies wildly. While three-quarters reported savings from contract renegotiations, savings on replacement systems and best of breed packages were much lower at 47 per cent and 28 per cent respectively.
The Getting out of the cost box survey was carried out by PA Consulting. David Elton, senior IT strategist at PA Consulting, said in the report: "If CIOs are to live up to the higher level of confidence they currently command, they need to do more than control their IT spend. If they don't work out how to define and deliver on the business case for new IT – and our survey says they haven't – they risk another cycle of business disaffection."
Contributing to improving product quality proactively through all stages of a project. Designing and executing automated and manual test cases and ...
A prestigious public sector organisation is looking for a Business Relationship Manager to start immediately The successful candidate will have ...
The successful applicant will have extensive Savings experience where you will have a proven track record in developing short, medium and long term ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Power Solutions Article: High-Availability Virtualization with Dell EqualLogic Arrays...
Power Solutions Article:Â Power Solutions Article: Getting Started with Microsoft...
Customer Case Study:Â A L Filters
Solution Brief: Dell Equalogic PS Series Can Offer Robust, High-Availability Infrastructure...
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Naked CIO Naked CIO: Social networks are useless for finding a job 'Quantity over quality' approach poisoning professional networks
Peter Cochrane Peter Cochrane's Blog: Uneconomics We must move away from short-termism to prevent next economic crisis