IT Budgets and ROI

Talk the Talk
If at its root ROI is an effort to bring more intellectual horsepower to IT decisions, another approach may be to simply enhance a company's overall finance savvy. A knowledge of basic finance is often lacking in a typical IT department. For example, in a joint study of 130 senior IT executives by the Society for Information Management, the Kellogg School of Management, and DiamondCluster International earlier this year, 74 percent of respondents said they would like to have a strategy to regularly calculate technology ROI, but that 51 percent "have no process to align and evaluate IT investments with business strategy." And 42 percent acknowledged that their IT staff lacks "sufficient working knowledge of financial concepts."

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