As the economy enters into a period of potential slowdown, IT spending may not increase as much as it has in the past, but even so, technology market research consultancies predict growth in spending in the 4–6% range. The IT function is clearly of continuing importance. It brings with it many advantages – lower costs, new markets, added revenue – but also many risks, including failures in leadership and application and system failures. The key to successfully navigating these challenging waters rests with people: having the right directors on the board, having them organized properly, and building relationships with key individuals throughout the company.
Read the full paper, published by Tapestry Networks and Ernst & Young.