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Innovation Suffers in IT budgets.(survey)
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Frontline Solutions
- Article date:
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May 1, 2005
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Copyright informationCOPYRIGHT 2005 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investment in innovative technologies is declining among North American and European companies, and many business executives see their IT departments as unresponsive, says a report from A.T. Kearney.
While 67% of business executives think IT innovation is important or critical to their companies' success, only 20% of companies' IT investment is allocated to IT innovation. That's a 30% decline from a similar study conducted in 2002.
The report, "Why Today's IT Organization Won't Work Tomorrow," also notes a widening disconnect between how business executives and technology executives view the IT department's role in the organization.
About three-quarters of ...
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