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Business Growth Today is an eNewsletter sharing important information on improving project management and accounting in professional service organizations and construction companies. |
According to a report from the Hackett Group, companies with the most effective and efficient IT departments spend 7% more than the median. And, when it comes to specific "technology-enabled" solutions, top-tier IT organizations spend 17% more.
How much should your company spend? As much as is needed to maximize business efficiency. Information Week cites a Hacket Group business advisor who states that top-tier IT organizations within companies spend more on IT per end user but gain operational and strategic benefits in other parts of the business. "Tech-enabled automation and integration" help such companies spend 45 percent less on their financial operations, for example.
How does one know if increased IT spending makes sense for them? "The goal for companies is not IT spending. It's business effectiveness, and if that leads back to increased IT spending, then it makes sense," says Steve Deedy of AlixPartners, a consulting firm.
Learn other ways an IT investment can add strategic value to your organization.... |
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"Business users want more innovative software faster and will bypass the IT department if necessary to get it." So suggests the results of a survey of 475 senior IT and business executives conducted by two firms, McKinsey & Co. and Sand Hill Group, on software trends, expectations, and spending habits over the next two years. The survey reveals a trend toward less central (IT) control over software choices and more business-unit-driven software decisions.
When respondents were asked what software trends will have the biggest impact on their businesses and what they need most from vendors, innovation was most often cited. "The innovation will come from having the software adapt to the business, rather than requiring the business to adapt to software", says Peter Lagana, IT Director of Wyeth Pharmaceuticals.
Learn how technology can serve your business and how software can be configured the way you do business...
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Who Makes the Software Decisions?
NOW
69%
IT controlled
31%
Business-unit controlled
(e.g. accounting, project management)
IN TWO YEARS
28%
More IT control
32%
Same
40%
Less IT
control; more business-unit controlled
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InformationWeek Research's Outlook for 2007 survey results report that "technologies that let companies consolidate their computer systems and get a better return on their assets are soaring in popularity." Here are some other results based on a percentage of respondents:
- 50%+ say designing business processes that use real-time data will be a strategic initiative for the year
- 43% say developing data analysis tools is one of their top projects for the year
- 25% cite business performance management as a technology priority
See how to ensure a good ROI through implementing a system prototype before purchasing new technology...
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AUGUST 2007
SOME OF THE INDUSTRIES WE SERVE:
Architecture & Engineering, Construction,
Research/Testing, & Biotechnology, Software & IT, Marketing & Design, Consulting Firms,
make-to-order Manufacturing
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WEB SEMINARS
These web seminars listed on the dates below will compare the traditional system, where data is isolated, with an integrated system, where data becomes automatically accessible in various modules and portals and enhances business efficiency.
August 22, 2007
Sept. 19, 2007
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