Because Process Matters

IT on an upturn

Posted by: Metastorm PR on: May 27, 2009

A recent article in CIO revealed some interesting findings in regards to post-recession technology investments. Gary Beach, publisher of CIO, recently appeared on CNBC “Squawk on the Street,” to discuss how much CEOs value technology investments.

To prepare for the show, he interviewed 25 CIOs and asked, “on a scale of one to 10 – where one says your CEO plans to look at technology investments as a cost to be managed or cut when the recession ends and 10 is where the CEO plans to look to tech investment as a key investment area when the recession ends – where does your CEO sit?”

The average answer Beach received was 8.5 – a testament to his belief that we are in the most exciting era of technology.

And though these investments can be hardware, software or anything in between – IT is undoubtedly on the brink of positive change. At the recent MIT Sloan CIO Symposium, a number of CIOs discussed the forecast of IT. The Wall Street Journal reports that many CIOs agreed the reconstruction of business IT infrastructure is more urgent now because of the economy’s troubles.

While the economy has forced a number of executives to ponder their technology investments for the road ahead, it is comforting to know that a number of CIOs do not underestimate its importance and value in an organization.

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