Spend your IT budget wisely

Last week's Computer Weekly/Kew Associates IT Expenditure Survey results revealed that overall IT user spend is expected to...

Last week's Computer Weekly/Kew Associates IT Expenditure Survey results revealed that overall IT user spend is expected to increase by 8.2% this year - a drop from last year's 11.9% growth rate, but a healthy figure nonetheless.

But it is essential that IT budgets are spent wisely and effectively. If the much-touted recession really is imminent, then projects will need to deliver real value to the organisation, by boosting productivity or delivering cost savings. This is no time for speculative outlay.

In July, we reported that an asset management system was saving Coca-Cola's UK bottling division £17,000 a month.

Then, two weeks ago, we highlighted the 400% return on investment (ROI) that Scottish Power achieved on a £7m enterprise application integration project to link its diverse IT systems.

This week, brewer and pub chain operator Greene King has trumped even that off-the-dial percentage, with the announcement of a 5,000% ROI from a project to implement financial reporting using Olap-based data modelling technology.

These projects all make "good news" stories but, more importantly, they are fine examples of the service IT must deliver to the business in the current economic climate.

Read more on Business applications

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close