Three-quarters of UK IT managers believe they are not meeting all their legislative requirements and more than half do not expect to see a return on investment from spending on compliance, an extensive survey has found
In addition, 45% of the more than 1,000 IT managers questioned said that their IT costs had increased over the last two years as a result of compliance requirements. Organisations were spending an average of 11% of their IT budgets on compliance, the survey by Dell Computers found.
The survey, which questioned organisations in the public and private sectors, also found widespread ignorance over the growing list of compliance requirements.
Most IT managers either did not know about or had little knowledge of nine pieces of legislation relating to IT and business. Only the Data Protection Act and the Freedom of Information Act were familiar to a majority of respondents.
The research findings confirm warnings from experts that many IT departments are struggling to comply with a range of legislation ranging from the Freedom of Information Act to Sarbanes-Oxley and the Basel 2 code on risk management.
The growing burden of compliance has also begun to affect IT spending and recruitment.
A third of IT managers questioned said they had invested in new technology to comply with legislation, while a quarter of those in companies with more than 1,000 staff said they had hired extra staff to handle compliance.
IT managers’ main concerns relating to compliance were security (54%) and data backup (52%).
Compliance within an organisation is generally the responsibility of the managing director or CEO (40%), followed by the IT director/CIO (19%) and finance director (7%).
Reasons given by IT managers for not fully complying with legislation
- Growth in compliance regulations: 58%
- Lack of awareness of legislation: 52%
- Lack of time: 44%
- Lack of understanding of legislation: 44%
- Lack of resource: 37%
- Lack of money: 23%