Investing too much or too little in Information Management?
Conclusion: Most senior managers are unclear whether their organisation is investing too much or too little in Information Management (IM) (IT plus business solutions with redesigned business processes). For some managers who cannot get resources to automate a process or get extra information on their desk tops, too little is being invested. Conversely, other business managers claim IT gets more than its share of resources and they are starved.
A common response when requests for extra investment in IT are made is, “How much are our competitors investing and are we at a competitive advantage or disadvantage?”
These are difficult questions to answer because I have observed:
It is hard to get sound and comparable IT related investment data from competitors
Published reports provide few performance metrics facilitating comparison
Although organisations may be in the same industry, differences in their management priorities and use of unorthodox accounting practices frustrate comparison.
About The Advisor
Alan Hansell is an IBRS advisor who focuses on IT and business management. Alan is able to critique and comment on IT and business management trends, ways to justify and maximise the benefits from IT-related investment, IS management development and the role of the CIO. Alan has extensive experience in IT management, consulting and advising senior managers in matters related to IT investment. He was a Director in Gartner's Executive program and adviser to over 50 CIOs and business managers and before joining Gartner a consultant with DMR Group. He also worked as an IS professional, manager and industry consultant for IBM for nearly 30 years. Alan is a CPA and Associate of Governance Institute of Australia.