Maybe IT doesn’t matter, after all. At least, not as much as it should.

A recently released survey of chief financial officers and their views on technology spending found that roughly 57 percent say they are getting an acceptable return on investment (ROI) from their tech spending. Lest you think that the CFOs are too distant from the chief information officer to have a true grasp on ROI, keep in mind that the survey found that 41 percent of organizations have CIOs reporting to CFOs. The Computer Sciences Corporation conducted the annual survey of 629 CFOs in association with the Financial Executives Research Foundation.

Other data from the “Technology Issues for Financial Executives” study was equally interesting:

• Among those surveyed, IT spending has increased over the last three years, and is expected to grow in 2008, as well.
• Greater than 50 percent recommend medium to high ROI on technology investments but only 11 percent reported a “high” ROI.

… Source:The Open Road

Share This

Share This

This entry was posted on Sunday, May 25th, 2008 at 2:07 am and is filed under Business and Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.