Business trust in IT on the up say CIOs

Business confidence in IT is improving but technology is still failing to deliver long-term value, according to a survey of CIOs. Out of the 175 CIOs questioned worldwide, 85 per cent said the perception of IT in the business has improved. But the results show many organisations are still struggling to demonstrate and deliver returns on new investment in IT. Almost two-thirds of CIOs agreed that IT projects should only be linked to business need but only a third admitted to producing clear business cases before embarking on any IT projects.

More damningly, most CIOs do not have confidence in the ability of their firm to manage project risks, with only 21 per cent claiming they manage the risks arising from business change well.

The ability of CIOs to deliver cost savings also varies wildly. While three-quarters reported savings from contract renegotiations, savings on replacement systems and best of breed packages were much lower at 47 per cent and 28 per cent respectively.

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