by Byron Connolly

CIOs controlling less than 60% of IT spend

Aug 27, 20132 mins
Financial Services Industry

CIOs across Asia Pacific now directly control less than 60 per cent of enterprise IT spending and “time is running out for CIOs to partner with the business”, according to Forrester Research’s Dane Anderson.

Forrester surveyed 1437 IT and business decision-makers in the Asia Pacific region about their investment intentions for IT budgets in 2013.

As CIOs grapple with budget reductions, other executives are growing their IT spending at very healthy rates, controlling 33 per cent of regional enterprise technology spending in 2012, a share that is growing quickly, the researcher said.

“Emboldened business leaders across Asia-Pacific are increasingly driving reorganisation and retraining efforts to extract greater value from their technology,” said Anderson, who is research director and Asia Pacific manager at Forrester.

IT groups across the region accounted for 58 per cent of IT purchases in 2012, down from 2010 when they bought 74 per cent of their organisation’s IT.

According to Forrester, IT spending patterns in Australia are similar to North America with organisations spending 6 per cent of their revenue on IT. However, Australian budgets are coming under pressure with 38 per cent of organisations planning to decrease spending in 2013, with 33 per cent planning an increase.

Related: Government tech budgets stabilise.

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