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.
Survey highlights:
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96% of organizations rely on disjoint IT management processes and tools
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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.
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Failed projects erode IT budgets by 4-5% p.a., costing the companies
surveyed € 1.8 billion annually
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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,
http://www.alfabet.com/en/news/press-releases/survey-reveals-67-of-it-organizations-in-the-nordics-experience-failures-caused-by-isolated-decision-making/
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.
All companies and products listed herein are trademarks or registered
trademarks of their respective holders.
