IT is a vital component of any business and consumes a sizeable chunk of corporate spend, yet most IT leaders can't honestly say what return they're getting from this investment. Worse still, many projects fail to deliver their promised returns, which ultimately has a negative impact on shareholder value.
Sponsored by KPMG International, this study by Information Age magazine examines how organizations plan and measure IT expenditure, and the perceived benefits that they derive from this outlay. Key findings include:
- Eight-eight percent of respondents say IT is not delivering its maximum business value
- Half spend most of their time on IT operations activities and struggle to drive the business forward
- Three-quarters lack stringent portfolio planning processes, forfeiting a critical opportunity to align IT with the needs of the business
- There is a strong correlation between effective planning and project management and realization of expected benefits from IT initiatives.
To realize the true potential of IT investment, CIOs must align the technology agenda with that of the wider business. Getting the Most from Your Investment in IT identifies five key criteria to help ensure that companies invest in the most appropriate areas.