British business is failing to reap the rewards of IT Innovation according to the UK CIOs surveyed by the National Computing Centre forum, CIO Connect.
Too many boardrooms are still in the dark over IT’s role in business transformation and managers are failing to turn IT advantage into measurable benefits the research found.
More than 80% of CIOs surveyed said that IT projects were under increasing financial scrutiny, yet a third maintained that business benefits were not being monitored by management once projects had gone live.
Business managers are failing in their responsibilities to record and report IT project returns back to the boardroom, say 76% of the UK’s top CIOs. And to compound the problem, failing projects are left to run on far too long, with 91% of CIOs suggesting corrective management action is not taken quickly enough – wasting valuable time and money.
And with the majority of CIOs (66%) believing their Board is predominantly tactical in its attitude to managing information systems, rather than strategic, these business failures are leading to continuing Boardroom communication challenges.
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