Unlocking the value from IT-related business investments

 
Survey showed advantages of investing in IT

A recent research survey of CEOs from more than 250 companies by the non-profit, independent IT Governance Institute (ITGI) revealed that although three-quarters of them agreed that IT investments added value to the enterprise, more than half of them think that there are barriers that prevent a full return from IT investments. The most significant barriers that prevent full return from investment in IT were identified as: implementing applications (37 percent), the culture of the enterprise (20 percent) and lack of skill base (16 percent). Whilst executive management (board) are accountable for IT governance in 71 percent of responding enterprises, the study found that more than a third of the organisations do not have a CIO on the executive team.
 
To examine IT value in greater depth, ITGI gathered a group of senior IT thought leaders from business, consulting and academia in London for an in-depth discussion of how to unlock value from IT investments and the role of the CIO. ITGI has now published the IT Governance Roundtable – Unlocking Value and the 20-page report is available as a complimentary download at www.itgi.org.
 
Participants in the roundtable discussion were: Paul Williams, Chair of the ISACA Strategic Advisory Group and IT Governance Adviser to Protiviti, UK; Ali Hamza, PricewaterhouseCoopers and associate professor at Henley Business School, UK; Dr. Sharm Manwani, FBCS, Associate Professor of IT, Henley Business School, UK; Prof. M.J. (Jim) Norton, CITP, FBCS, FIET, FIoD, FRSA, Institute of Directors, UK; John Thorp, CMC, I.S.P., The Thorp Network Inc., Canada and Chris Tiernan, CITP, FBCS, FIMIS, Grosvenor Consultancy Services LLP, UK.
 
The roundtable discussion examined topics such as the role of the CIO, measuring success, change programmes, alignment between business and IT strategy, and how to make it happen and up your game.
 
The roundtable participants also discussed a particularly troubling statistic from the ITGI CEO survey—43 percent of respondents’ organizations do not measure the value of IT investments.

Quelle: IT Governance Institute

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