IT Is Key To Competitive Edge, Study Says - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

IT Is Key To Competitive Edge, Study Says

More than half of the fastest-growing U.S. companies claim to have an IT advantage over their competitors, according to study results released today by PricewaterhouseCoopers. The payoff for companies that embrace technology: a 45% higher composite growth rate over the past five years, the study says.

PricewaterhouseCoopers surveyed 436 CEOs in U.S. organizations with annual revenue between $1 million and $50 million. These CEOs almost universally acknowledged IT as being important to their businesses, with 80% regarding IT as "extremely" or "very" important. The companies represented by that 80% saw 72% greater revenue growth than the companies whose CEOs rated IT as "highly" important, the study says. However, less than half of the CEOs surveyed see the Internet as an important part of their business.

Top technologies implemented by companies participating in the survey include financial-management systems (installed by 57%), sales-information systems (52%), and sales or customer-service systems (37%), according to the survey.

Chief barriers to IT adoption include security concerns (named by 84% of the CEOs, compared with 77% two years ago), and inadequately trained staff (26% this year, 48% two years ago), the study says.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
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.
Sponsored Video
Flash Poll