|By Business Wire||
|September 13, 2012 01:42 PM EDT||
According to an independent survey among 560 IT decision makers in the Nordics, most IT organizations suffer from isolated decision making thus causing conflicts and failures in business critical projects. The survey was commissioned by alfabet to gain deeper insight into the impact of disassociated decision making in information silos, an increasingly urging challenge for both business and IT leaders. The findings of Radar Ecosystem Specialists AB are published in the whitepaper “The impact of data silos on IT planning”. The research provides compelling evidence of the need for an IT planning environment that helps to understand the interdependencies and impacts between all affected portfolios when evolving the IT portfolio: from applications, demands and projects to costs and risks.
The aim of the survey was to gain better insight into the actual impact of data silos on IT planning and project success rates to help CIOs and IT decision maker to avoid pitfalls.
- 96% of organizations rely on disjoint IT management processes and tools
- 67% of all Nordic IT decision makers experience failure in business critical projects because of conflicting interests or outside decisions or impacts not taken into consideration in their isolated, narrow focused project view.
- Failed projects erode IT budgets by 4-5% p.a., costing the companies surveyed € 1.8 billion annually
- Only one out of every ten CIOs or other IT decision makers has the right equipment to make and execute well-informed, optimal strategic decisions aligned with the business
The survey identified a shift from a focus on technology to a focus on information as the most strategic asset for driving value. Today IT has to create the business infrastructure that helps organizations pursue their vision in an increasingly complex and dynamic business environment. IT planning has to coordinate different and sometimes competing resources including demands, capabilities, applications, technologies, risks, projects and costs while being flexible and responsive to change. Traditionally organizations keep these resources as separate portfolios in silos without reflecting their interdependencies and without managing them in one integrated IT portfolio linked to business vision.
“The study confirms our experience: many project failures are caused by conflicts that had not surfaced during planning due to disjoint and ill-informed planning in isolation,” said Erik Masing, CEO & Co-Founder of alfabet. “That’s why we see an increasing demand for integrated, collaborative planning solutions to avoid unnecessary costs, risks, setbacks and frustrations when evolving the IT portfolio.“
The Whitepaper concludes that real insight into the interdependencies would help avoid conflicts of interest and failures. It has become necessary to understand, plan and align the IT landscape under the realities of IT execution and planning. An Integrated IT Portfolio Management System will help accelerate industry leadership in IT operations, drive business transformation through technology innovation and increase productivity in projects.
Markus Forsling, Research Manager and IT analyst of Radar Ecosystem Specialists, says, “we’re providing insight to our customer base by analysing the driving forces in the IT industry and making recommendations to optimize business results in an ever changing environment. We’ve been following the shift of focus from T [technology] to I [information] for a while now, it is a natural shift and a small part of the bigger picture – the shift in how people work and communicate. ”
“The readiness of organizations to adopt a planning tool that provides real insight into the interdependencies and synergies of their IT landscape has changed in the past year”, said Lars Peterson, Sales Manager Nordics at alfabet. “The market has matured in its understanding of the short-term and long-term benefits of an integrated approach to IT planning as this report underscores.”
alfabet and the Radar Group will be co-hosting webinar on the impact of data silos on IT planning scheduled for October 10, 2012. To register, please click on the following registration link,
About alfabet (www.alfabet.com)
Business IT Management is the task of ensuring that IT powers business success. It combines a deep understanding of the business and its strategy with the insight, planning and execution required to evolve the IT landscape. alfabet is the only vendor providing a comprehensive software suite that supports all aspects of Business IT Management – from accurate insight into the enterprise architecture to IT planning, risk management, compliance, road-mapping and IT Program Control.
alfabet serves with its flagship product planningIT ®a global user community of more than 135,000 IT, Finance and Business professionals in more than 40 countries. Customers of alfabet include many of the Global 2000 companies across a broad range of industries in particular financial services, automotive, telecommunications, logistics, and high-tech.
Founded in 1997, alfabet is operating with headquarters in Berlin, Cambridge, Mass and Singapore.
About the Radar Group www.radareco.com
Radar Ecosystem Specialists AB was created in 2006 in Stockholm by one of Sweden’s most experienced IT analysts around an idea of adding value by bringing transparency and real-time feedback peer to peer. The development of the methods and models has been done by partners that all are experienced advisors with supply side CxO or buy side CIO background. Radar positions itself as the leading fact based provider of insight for the Nordic IT industry and the IT decision makers. Through unique ecosystem coverage Radar provides insight by syndicated reports, models and strategic advice to service- and technology suppliers, decision makers and institutional investors in the Nordic IT sector.
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