InformationWeek 2009 Global CIO Report Reveals Companies Reducing Spending on Operations in Favor of Unlocking IT Dollars for New Customer-Facing Initiatives, Paving the Way for True IntegrationPRNewswire Unique Global CIO Report and Survey Spans 7 Countries, 28 Industries SAN FRANCISCO, June 1 /PRNewswire/ -- CIOs around the globe are re-prioritizing and finding ways to reduce spending on maintenance and operations in order to liberate precious IT dollars for new customer-facing initiatives, according to a Global CIO Report by InformationWeek Analytics (www.informationweek.com). In this survey, InformationWeek Analytics Global CIO Report examines the role of the CIO in global enterprises, and how these global CIOs are contending with the downturn - and eventual upturn - in terms of business priorities and resource allocation. A clear give-and-take battle is underway at many global enterprises between implementing strategic development plans versus tactical cost cutting and retrenchment initiatives. The research report also challenges the stubborn perception that IT in general and CIOs and their teams are cost centers rather than creators of value and accelerators of innovation. (Photo: http://www.newscom.com/cgi-bin/prnh/20090601/NY24975 ) The comprehensive InformationWeek Analytics Global CIO Report titled "Small World, Big Opportunities" is available at http://informationweek.com/globalcio50/report. The results were compiled from 861 responses submitted by senior IT executives in seven countries across 28 industries. "While CIOs around the globe have many pressing initiatives to deal with - including the economic downturn - they're not going to be able to make much progress on any of those until they deal with the big, smelly, and increasingly dangerous elephant in the room: the fact that an excessive portion of their IT budget is being swallowed up by internal IT operations and maintenance and support expenses, leaving only crumbs for innovative new customer-facing projects," said Global CIO senior vice president Bob Evans. "Across industries and across the globe, CIOs are working desperately to find ways to get rid of that out-of-control elephant and begin to LTCOI: lower the cost of infrastructure." The InformationWeek Analytics Global CIO Report identifies the common need for CIOs around the world to devote much more of their time and ideas to helping their companies grow, find new customers, and create exciting new products more quickly. The findings were based on the global nature of business, the rapidly changing tastes among customers, and the decisions technology leaders must make to compete now and into the next global business cycle. Key findings from the Global CIO Report include:
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