IT Management Slideshow: IT Spending Trends

IT Spending Trends

25% of companies will increase their IT investments this year

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16% will make sweeping cuts in IT spending

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14% will keep spending at the same rate

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47% of those surveyed said the CIO was responsible for optimizing returns on IT-related investments

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20% said the board, the CEO or the CFO is responsible for optimizing returns

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66% of organizations do not share an understanding of IT value across different departments

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Approximately 50% of organizations are measuring IT value to some degree

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29% of organizations are fully measuring the value of their IT investments

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51% of organizations have a framework to prioritize IT investments based on the value they bring to the organization

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69% of organizations reported that they are reaping at least 50 % to 100 % of the expected value from their IT investments

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31% of respondents listed improved customer service as the top benefit received from IT investments

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24% listed cost reduction as the primary value driver for IT investments

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7% reported new or improved products and services as the biggest benefit