IT to increasingly impact business growth, CEOs believe

15 December 2009

Nearly two-thirds of chief executive officers (CEOs) believe that IT will play a crucial role in their business strategy during the anticipated economic upturn, a new survey has showed.

Research from technology advisory firm Gartner revealed that, out of the 200 British and American business executives questioned, 43 per cent anticipate increasing their post-recession IT investment.

45 per cent will maintain the same level of spending while 13 per cent said they were contemplating cutting the amount, Gartner’s study from the third quarter of the year showed.

Mark Raskino, research vice-president and Gartner fellow, said: “It is critical that chief information officers (CIOs) review business leaders’ rapidly changing tactical business priorities and often unstated new expectations of where IT can help as the economy turns.

“CIOs are in a good position to have that conversion right now. They should also take advantage of business leaders’ relatively positive attitude towards IT investment during budget negotiations.”

He added that the findings indicated a ‘warmer’ attitude towards IT, which CIOs should look to take advantage of during 2010.

Previous research from Gartner predicted that IT investment will rise by 3.3 per cent from 2009 to reach $3.3 trillion during next year.

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