More than half of companies worldwide have attributed their rise in profitability to the implementation of IT systems in their organisations.
A recent survey by Compass Analysis and the London School of Economics (LSE), The Compass Computing Strategy Census, found that 54 per cent of corporates had seen an increase in profits because of IT. The survey canvassed the top five per cent of 3,000 leading firms in the UK, US, Germany and Scandinavia.
Kit Grindley, Price Waterhouse professor of systems automation at the LSE, said the survey showed that IT expenditure had increased by 17 per cent in the past three years.
?All countries, led by the UK, are now bullish about the return from IT spend. The change is due to the increasing applications of IT to business improvement schemes.?
The report highlighted one of the main problems with IT investment as being the difficulty of measuring any potential benefits. ?The figures suggest that this criticism will fade as companies stop looking for sure-fire gains simply by applying IT to existing operations,? said Grindley.
The two industry sectors which emerged as big IT spenders were finance and government agencies.
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