By Polly Raymond, 17 June 1999 17:04
NEWS IT managers had to cut budgets this year because they're failing to realise value on their IT investments, according to research by the National Computer Centre (NCC). The centre discovered, through it's annual survey of 500,000 UK IT professionals, that nearly three-quarters of IT managers are seriously concerned about generating value from investments. As a result, the average IT budget increased by only 1.5 per cent which compares poorly with the expected rise of 11 per cent. Investment in Y2K solutions is mainly responsible for this, claims the NCC. IT managers are finding it harder to persuade financial directors to open up the coffers again after spending so much on Y2K fixes which show no tangible benefit.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below