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CIO technology spending focused on reducing risk, boosting efficiency
This article is part of the April 2010 Volume 1 issue of CIO Decisions
The Wall Street crowd might be ready to spend again, buoyed by bailouts and record bonuses, but CIOs don't seem inclined to go on any technology spending sprees in 2010, our annual IT Priorities Survey of senior IT executives and managers shows. With two-thirds of the 171 respondents facing flat or declining IT budgets this year, CIOs and senior IT managers remain focused on technologies and projects that mitigate risk, boost efficiency and reduce IT costs. For example: Compliance is the top management initiative for 2010, cited by 33% of respondents, followed by business process automation (29%) and data retention and lifecycle management (26%). Disaster recovery/business continuity is the most likely infrastructure project to get the go-ahead this year for 53% of our respondents, followed by server virtualization (43%) and Windows server 2008 (26%). The widespread migration to the cloud we've been reading so much about? That isn't happening for CIOs in 2010, with only 12% of respondents likely to implement an internal cloud ...
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News in this issue
One month into 2010, the IT budgets picture is still ambiguous, with two consultancies offering different outlooks and CIOs juggling between keeping costs low and making necessary upgrades.
Agile IT can be realized with IT services management best practices and project portfolio management, but IT leaders need to clean house first.
Enterprises are finding ways to use vendor contract management as a means to cut costs by renegotiating contracts down to the maintenance-clause and business-unit levels.
Doing more with less remains the mantra for CIOs as we dig into our IT Priorities Survey on technology spending. The big priorities? Mitigating risk. Essential upgrades. Cutting costs.