Commitment to Tech Fuels High-Performing Firms

By Dennis McCafferty
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    High-performing companies devote 55% of their IT budget to strategic capabilities that support growth and business performance; other firms spend just 37%.

What separates high-performing companies from the rest of the business world? These days, it's often their enterprise-level commitment to technology investments and management, according to recent research from Accenture. The accompanying report, "High Performers in IT: Defined by Digital," reveals that it's becoming increasingly outdated to consider the IT organization as a support function with minimal business input. Instead, elite companies view technology leaders as proven contributors of strategic value. These firms are also more willing to invest in mobile and cloud technologies in order to take performance to the next level. "High performers are … harnessing technology across all parts of their operations to help improve customer experiences and make a more significant contribution to the company's business performance," says Paul Daugherty, CTO at Accenture. "Companies set their sights beyond operational effectiveness and IT productivity, and invest more in technologies to drive future growth." Senior IT executives from more than 200 organizations in North America, Latin America, Europe and Asia Pacific took part in the research.

This article was originally published on 2013-11-26
Dennis McCafferty is a freelance writer for Baseline Magazine.
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