Tuesday, June 22, 2010

The IT Innovation Dilemma Grows

According to a recent article by Information Age, the economic recovery is slowly easing cost cutting pressure on beleaguered CIOs, but at the same time innovation investments continue to decline.

In the results, a survey of more than 2,600 global IT leaders by recruitment specialist Harvey Nash, the effect of the great recession on CIO decision-making “appears to be receding, with 74% citing cost saving as a key issue during 2009, down from 84% a year previously.”

This bottoming process however does not mean new investments are off to the races. According to the study, “the number of CIOs who are prioritizing innovation over ‘keeping the lights on’ appears to be shrinking further, with 38% referencing innovation as a key issue last year compared with 41% in 2008.”

“The results show that the CIO community is currently wrestling with significant pressures as the Great Recession fades into history and a new decade, with a new competitive landscape, emerges,” wrote Harvey Nash chief executive Albert Ellis.

Alinean discusses the latest research on IT Innovation and what it means to IT Vendors here: http://tompiselloroiguy.blogspot.com/2010/06/it-innovation-suffering-through-long.html


The original Information Age article can be found at: http://www.information-age.com/channels/management-and-skills/perspectives-and-trends/1261193/cost-cutting-drops-down-cio-priority-list-but-so-does-innovation.thtml

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