IT Executives Predict Slow Recovery - InformationWeek
IoT
IoT
Healthcare // Analytics
News
8/12/2009
04:57 PM
50%
50%
RELATED EVENTS
Open Source Security for Containers in a DevOps World
Dec 07, 2017
Managing container infrastructure in a production environment is challenged by problems of scale. ...Read More>>

IT Executives Predict Slow Recovery

Intense pressure to deliver positive ROI more quickly has affected IT budgets, strategies, and priorities, according to an AT&T study.

IT executives are preparing for an economic recovery in the first half of 2010, but it's likely to be tough sledding leading to the anticipated turnaround, according to the results of a study conducted by AT&T.

Released Wednesday, the study found that IT executives are under new and intense pressure to deliver positive return on investment results in half the time they were previously allowed.

The "Road to Growth" study found that ROI has become critical in the IT enterprise world with the result that the pressure to deliver favorable results has affected IT budgets, strategies, and priorities. One result is that companies are cutting back on longer-term projects that don't promise to deliver favorable returns quickly.

"U.S. companies are under added pressure to deliver, and IT investments are more critical than ever before," said Bill Archer, chief marketing officer of AT&T Business Solutions, in a statement. "From the study, we expect U.S. companies to come out of the recession leaner and more agile. Technologies that cut cost, reduce redundancies and loss, and improve efficiencies top the priorities list."

In the study, AT&T interviewed more than six dozen IT executives at multinational companies in the United States and Europe. All those interviewed worked for a U.S. firm or a U.S. subsidiary of a foreign company.

More than 80% of the IT executives interviewed cited cost cutting and improving productivity as top goals, noting that "improved collaboration with customers and partners" was extremely important, along with efforts to enhance workforce performance.

One interesting finding produced by the study is that IT executives aren't distinguishing between short-term and long-term IT strategies, with the result that U.S. companies are trimming the time of their long-term forecasting until after the recession ends.

Asked to list the factors that will have the most positive impact on business growth as the country prepares for an economic turnaround, the respondents cited business continuity and security solutions, enterprise mobility solutions, and Web delivery solutions.

The IT executives predicted that the United States and China would emerge first from the recession.


InformationWeek's Informed CIO series lays out 10 steps to achieve excellence in service assurance initiatives. Download the report here (registration required).

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
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Video
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.
Flash Poll