CIOs seek better results, lower costs

IT leaders continue to focus on reducing costs, while improving productivity and effectiveness

CIOs and IT leaders can see the light at the end of the dark economic tunnel, but that hasn’t shifted the majority of their focus from increasing productivity and reducing costs, according to recent research.

More than half of nearly 250 CIOs, CTOs and IT executives surveyed by the Society for Information Management (SIM) said their top business concern in 2009 is business productivity and cost reduction. About one-third of respondents noted IT and business alignment as a concern, followed by close to one-fourth who indicated they were concerned with business agility and speed to market. Nearly 20% of those surveyed by SIM said business process re-engineering topped their list and 17% listed IT cost reduction, which ranked fifth among IT management concerns in SIM’s 2009 IT Industry Trend Survey.

“The results of the study confirm that the economic downturn has caused a significant shift in priorities,” said Jerry Luftman, a former SIM vice president and executive director of Graduate Information Systems Programs and distinguished professor at Stevens Institute of Technology, in a statement. “IT executives are focusing on ensuring that business is conducted efficiently to get more mileage out of their budgets.”

And while cost-cutting remains a priority, SIM’s findings show that IT compensation might not continue to be impacted. Some 80% of respondents said staff salaries stayed the same or increased in 2009, and 91% expect pay to remain flat or increase in 2010. As for budgets, 52% experienced budget decreases in 2009, but looking ahead to 2010, 27% expects IT funds to increase and 45% expect finances the stay the same

Among the technologies and IT project areas that respondents indicated to SIM were a priority in the coming months are business intelligence, server virtualization, ERP systems, customer corporate portals, enterprise application integration and continuity planning/disaster recovery.

Separately, the Computer Technology Industry Association, or CompTIA, polled some 200 U.S.-based IT organizations and learned that overall the confidence in business is growing. The survey revealed that nearly half of companies polled expect to increase investment in research and development and other revenue generating initiatives. It also found that nearly one-third plan to increase spending on technology. And more than half of those surveyed expect to keep staff levels the same, while nearly 30% expect to increase hiring in the next six months.

Looking ahead “67% of firms rate the outlook for the IT industry positively, compared to 55% today,” the report states.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags productivitycomptia

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Denise Dubie

Network World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?