Wednesday, July 9, 2008

Firms waste £3.5bn a year through poorly managed IT investments

UK businesses are failing to maximise the value of their investments, potentially wasting £3.5bn a year says consultancy KPMG.

Therefore there is no better time to get in contact with BACK consulting to ensure your business makes the most of its IT investments.

A third of IT projects fail to deliver the expected benefits from their system or application, and over half of all projects over run. As a result of this 90% believe that IT is not bringing them the rewards that they believed it would.

Research among 125 IT decision workers found that 32% of them indicated that projects are decided on an ad-hoc basis with no or little co-ordination between IT and business planning.

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