IT increases focus on innovation
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Came across this article talking about how innovation goes back to the top of the list of IT priorities at Computerworld.
Last week I attended AMR’s Supply Chain Management Exchange in Boston. This same theme was seen in their research. They are seeing that companies are shifting from a purely cost reduction mentality to now focusing on driving top-line revenue growth and realize that technology innovation is critical to making this happen.
This is certainly great to see, not just because I work for a software vendor selling an innovation that helps companies reduce costs and improve the top-line, but because I personally find it depressing every time I hear the stats that says companies are spending in excess of 90% of their IT budgets just to “keep the lights on” (AMR commented that the typical retailer spends only 4-6% of their IT budget on innovation).
