Will IT spend on itself in this recession, buying technology aimed at helping CIOs run a more efficient IT shop? Oracle is betting the answer is "yes," based on its latest acquisition plan.
Will IT spend on itself in this recession, buying technology aimed at helping CIOs run a more efficient IT shop? Oracle is betting the answer is "yes," based on its latest acquisition plan.IT is too often afraid to spend money on technology to improve the efficiency of its own operations. I wrote last month about two CIOs wrestling with whether to invest in IT for the IT group during this downturn. Hewlett-Packard CIO Randy Mott makes his case for such investments in this article, including his concept of the "revenue of IT."
Now Oracle again shows its faith in IT for IT with its plans to buy a company, mValent, that sells software for application configuration management.
Meanwhile, BMC, whose software also tackles data center automation, performed better in its most recent quarter than analysts expected, its revenue grew 6% from a year ago, and it raised its earnings outlook for the fiscal year.
Now just might be the right time to spend on IT for IT.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."