CIOs struggle to shake off techie image

Some 68% of business executives don’t know how to measure the value of IT and rely on their CIO to translate the benefits for them, according to a survey by portfolio management company UMT.

Some 68% of business executives don’t know how to measure the value of IT and rely on their CIO to translate the benefits for them, according to a survey by portfolio management company UMT.

Despite this, many still maintain the old-fashioned view of CIOs as techies, rather than as the link between IT and the business.

This lack of understanding about the strategic value of IT can damage profits, as organisations focus on the short term gains of individual IT projects rather than the bigger picture of the IT portfolio as a whole.

Some 70% of the European respondents (20% higher than their US counterparts) expected effective IT portfolio management to help them extract more from their IT budgets and reduce investment wastage.

“To fully maximise IT investments and justify their value, organisations must align IT projects to the strategic objectives of the business in addition to using a business case methodology to capture financial benefits,” says Yorai Linenberg, managing director of UMT Europe.

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