Corporates now give more importance to IT
New Delhi: Corporates now give more importance to IT as they view technology as an important aspect of their efforts that helped them tide over economic slowdown.
According to a survey by Accenture and the Economist Intelligence Unit (EIU), about 72 percent of business and information technology (IT) executives say that their firms place greater value on the IT function today than they did before the economic crisis.
Consequently, the executives expect technology spending in their companies to increase either selectively (47 percent) or across the board (10 percent) in the next 12 months, it added. This could spell increased opportunities for Indian IT companies, which have been hit by the global economic slowdown. The study also indicates that companies will keep a close eye on the returns delivered by IT.
About 81 percent respondents across all geographies said that they are under increased pressure to deliver projects that incorporate more flexibility than was previously required. The survey of more than 550 executives highlights that cost savings and control remain a key driver when it comes to IT investment decisions.
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