CIOs Seeing Benefits from Bigger Budgets

By Dennis McCafferty  |  Posted 11-01-2012

CIOs Seeing Benefits from Bigger Budgets

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Nearly 48% of CIOs say the IT budget in 2012 is greater than 2011's, compared to 34.5% who say 2012's budget was less than 2011's.

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Growing Profile
Nearly 5% of a corporation's overall revenue was allocated to the IT budget in 2012, compared to about 3.6% in 2011.

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What Organizations Spent 2012 IT Budgeting On
• Internal staff (33%)
• In-house hardware, network, software facilities, depreciation (24%)
• Consulting services (9%)

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Overseas Mission
Organizations are spending 5% of the 2012 budget on offshore outsourcing, compared to 2% in 2011.

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Where the Offshore Outsourcing Budget Goes
• India (43%)
• Western Europe (13%)
• Philippines (12%)

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Compensation Plan
60% of companies increased IT staff salaries in 2012, compared to 11% that reduced them.

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The Big Boss
43% of CIOs report directly to the CEO, compared to 27% who report to the CFO.

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Extending Tenure
CIOs have lasted nearly six years in their current position, up from 3.6 years reported in 2006.

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Recruitment Focus
54% of CIOs say they were hired from outside the company from an external IT organization, compared to 61% who indicated the same last year.

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The Top IT Metrics for CIOs are ...
Delivering projects on time, projecting ROI and delivering IT on budget - in that order.

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