News
News
3/27/2006
06:15 PM
50%
50%

Top Execs Insist Too Little Is Spent On IT: Survey

The 10% of executives who believed IT departments were overspending were nearly twice as likely as IT managers to look toward reducing or reallocating staff as the primary way to reduce costs.

Almost half of senior corporate executives believe their companies are spending too little on IT this year, a survey released Monday showed.

Interviews with 230 U.S. executives showed that 46 percent believed their companies weren't spending enough on IT, compared to 10 percent who said too much was being spent and 44 percent who said spending was just about right, said Managed Objects, a McLean, Va.-based, business service management company that commissioned the survey.

The survey indicated that senior executives were not as stingy with IT budgets as their reputations suggest, and many of them saw the value of technology in their businesses, Managed Objects chief executive Siki Giunta said.

Executives who believed IT departments were overspending were nearly twice as likely as IT managers to look toward reducing or reallocating staff as the primary way to reduce costs. While executives believed reducing manpower would have the most impact on the company's bottom line, IT managers believed reducing IT downtime would have a greater impact.

While some results from the survey were released Monday, the full study, called "Measuring and Optimizing the Cost of IT: A Progress Report," would be released in April.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Elite 100 Digital Issue, April 2015
The 27th annual ranking of the leading US users of business technology
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 19, 2015.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.