Staying the Course: Technology Decision-Making in Turbulent Times

While businesses are trying to keep IT costs low in the short term, continued, selective investment will help them stay ahead post-recession.

 

The EIU’s findings show that while businesses are trying to keep IT costs low in the short term, continued, selective investment will help them stay ahead post-recession.

 

Risk-taking investment is needed if companies want to emerge from the downturn post-recession. Opportunistic firms are planning to be on the offensive. With IT as part of their competitive edge, they are willing to invest in major technology projects to ensure success.

 

In CIO-CFO relationships, nearly one-half of respondents report that co-ordination between the two executives has improved at their firms in the past year. Most CIOs and CFOs rated levels of trust, communication and understanding between themselves as strong. CFOs offered a rosier picture than CIOs, but few reported deterioration in their relationships.
 

 

Key findings include:

 

  • CIOs are not losing their place at the table.
  • Opportunistic firms are receptive to renewed technology investment.
  • Most firms are averse to suspending existing technology projects..
  • The focus of investment continues to be on improving customer relationships.


 

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