Measuring the ROI of New Tech Investments

Measuring the ROI of New Tech Investments

Measuring the ROI of New Tech InvestmentsMeasuring the ROI of New Tech Investments

Surveyed IT decision-makers believe that tech helps overcome productivity inefficiencies, but most struggle to unravel the ROI of new tech investments.

Prime ContributorPrime Contributor

96% of survey respondents believe that technology helps drive organizational efficiency.

Haves/Have Nots, Part IHaves/Have Nots, Part I

53% of those at companies considered “tech driven” said they are “very confident” that they’ll achieve productivity goals, compared to just 14% at organizations described as “tech hesitant” who feel this way.

Have/Have Nots, Part IIHave/Have Nots, Part II

39% of board execs say they are “very confident” that they’ll achieve productivity goals, as opposed to only 25% of senior management professionals who agree.

Tough TaskTough Task

Only 40% of survey respondents believe it’s easy to measure ROI both before and after investing in new tech.

Distinguishing FactorDistinguishing Factor

Just 32% said they have high levels of IT support when considering the ROI of new tech. But among those respondents, 63% said it’s easy to determine ROI both before and after investing in tech.

Biggest Evaluators of Potential ROI of Productivity SoftwareBiggest Evaluators of Potential ROI of Productivity Software

Time required to train users: 54%, Time/effort required for implementation: 50%, Impact on user productivity: 50%

Victim StatementVictim Statement

57% of survey respondents said employees are most likely to suffer as a result of inefficiencies, while 48% said customers most likely suffer due to this.

Top Causes of Wasted Workday TimeTop Causes of Wasted Workday Time

Inefficient processes: 44%, Paperwork overload: 43%, Meetings: 41%

Gift of TimeGift of Time

56% said that—if they were able to reclaim 30 minutes of their day—they’d choose to invest that time into themselves, while 44% would devote that extra time to business.

Personal ImprovementPersonal Improvement

63% said that time spent recharging outside of work reduces stress, and 49% said it increases job satisfaction.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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