Like many CIOs, you may find yourself struggling to innovate in advance of an anticipated economic recovery, while still striving to keep costs down in a decidedly uncertain business climate. And, even though you’re striving to be seen as a valued, senior member of your management teams, the enterprise perception of how much IT contributes to a competitive edge is decidedly mixed. Read More Here . . .
As part of its look to the future CIOInsight highlights the Top 3 initiatives keeping CIOs up at night: cutting costs, operational efficiencies and deliver consistent and stable IT performance to the business. These initiatives are neck and neck with the number of organizations that see IT as their competitive edge in the market. Most IT organizations still spend ~85% of their IT budget “just keeping the lights on”, with minimal focus on supporting and delivering upon stable and consistently performing innovative services aligned with business objectives. This percentage of spend is generally ~ 1 – 2 % of revenue spent annually operating rather than driving.
The cost of not evolving is far greater for IT organizations than the cost of transforming and adding value to their business. Buying decisions are also migrating to the business because they have more options and they are creating change. Outsourcing is never done for cost savings, it is to create change in the environment that the organization is unable to create on it’s own.
Time for change may have arrived in 2012. Good set of insights.