Surveys Show Lack Of Faith In IT - 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

Surveys Show Lack Of Faith In IT

Two surveys of top executives find that most don't believeinformation technology is delivering as much as it could.

IT is believed to make high contributions to businessresults by just 25% of the 650 CEOs and other seniorexecutives surveyed by the Department of Information Systemsat the London School of Economics at the request of CompassAmerica, a management consulting firm focused on improvingIT performance. Results of the survey, released yesterday,found that 32% of the respondents feel IT has metexpectations for improving business performance; 24% believeIT has done well in reducing costs; and only 19% think IThas done satisfactorily in delivering competitive advantage.Nevertheless, expectations for future IT performance arehigher than for past and current expectation levels.

In a survey of 429 CFOs by the Financial ExecutivesInstitute and Computer Sciences Corp., two-thirds of therespondents say that while they are spending more on ITtoday than three years ago, half of those respondents reportlow, negative, or unknown returns from their investments.The survey, released earlier this week, also debunked aperception that CIOs commonly report to CEOs. CIOs are twiceas likely to report to CFOs than CEOs, the survey found.

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
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
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