IT people are those who exploit technology to enable the business to become more efficient, more cost effective and better equipped to make informed decisions. CIO is a job title commonly given to the most senior executive in an enterprise responsible for the information technology and computer systems that support enterprise goals. The CIO typically reports to the chief executive officer, chief operations officer or chief financial officer.
In 2007 a survey amongst CIOs by CIO magazine in the UK discovered that their top 10 concerns were: people leadership
The recent economic crisis coming after a number of growth years forced many organizations to take a much closer look at both their operational and capital expenditure. Obviously business large and small needed to eliminate non-essential spending and conserve cash in order to survive. While some may argue that the pendulum may have swung too far in some instances, you can’t fault managers for being overcautious in uncertain times. Areas like travel budgets, hiring, marketing plans and IT investments were probably hit the hardest.
One example where the pendulum has swung too far is perhaps the resurfacing of the long forgotten term ROI in titles of IT articles, conference agendas and internal budget meetings. It is not like I am advocating uncontrolled spending on IT projects, but I do not support using exceptionally fuzzy and lengthy process as a means of controlling IT spend.
Technology companies, with an unprecedented amount of cash on hand have turned to acquisitions not only to stay on top of rapid technological changes but also to broaden their offerings and eliminate their competitors. The alternative for cash rich companies would have been to either return the cash to their share holders or to re invest it in their operations in order to speed up organic growth.
An analysis of Bloomberg data on S&P 500 technology acquisitions shows that Hewlett-Packard was the most active buyer over the last three years, with $19.2 billion in disclosed M&A spending, followed by Oracle, Microsoft, and IBM. There's more where that came from: S&P 500 tech sector companies generated $137.6 billion
Here is a scene from an old movie, the manager is sitting in his large office, not a single piece of paper on his clean and shiny desk, his good looking secretary (now known as PA) knocks on the door and enters carrying a folder in her hand. She places it politely in front of the manager who takes his expensive pen and starts signing letters. The next scene usually has the manager confidently dictating a letter, the secretary probably using shorthand (if you do not know what that is never mind keep on reading) to take down what her boss is saying before she goes back to her desk to type the letter!
A stark contrast from today’s self serving modern manager who types his own email messages, dials his own calls and uses self service web based applications to claim his
In 2003, IDC released the results of a study titled The Financial Impact of Business Analytics that evaluated the ROI of business analytics projects at 43 leading organizations in North America and Western Europe. Each of the resulting case studies was accompanied by in-depth ROI calculations, which showed, for the group as a whole, a median ROI of 112%. Notably, the median ROI for projects that IDC classified as incorporating predictive analytics was 145% versus 89% for those projects that did not.
A Gartner survey of 1500 Chief Information Officers (CIOs) published in 2008 shows that Business Intelligence (BI) ranked as the number one technology priority. I guess it is no surprise that the idea that businesses of all sizes should have real insight into their operations and their customers in order to be able to enhance their planning, forecasting, modeling and resourcing based on information that is cohesive, current, accurate, secure and accessible - is at the core of today's expanding BI market.