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How IT Can Underpin Business performance
By on Saturday, September 13th, 2008. Filed under Technology & E-Business.A fact sheet on how an integrated IT strategy can improve business performance in small and medium sized companies is now available.
Today's companies want to see demonstrable value and return on investment for their IT purchases from the outset, as the recognition sets in that technology is not a fashion accessory but an enabler of both immediate bottom-line benefits and new ways of working that could also lead to returns.
There is much more experience now about how IT fits into business, particularly when it comes to implementing certain types of system. But there is much less evidenceof companies that have made a concerted attempt to link their overall business strategy to technology, rather than the odd tactical development.
The latest DTI International Benchmarking Study (for 2004) - which covers information and communicationtechnologies - provides evidence of encouraging trends for UK businesses. The survey confirms that there has been a significant increase in the proportion of businesses that are measuring the benefits of IT using core financial metrics such as return on investment, internal rate of return and net present value. It also reports that UK businesses are among the most likely to have both written business plans and documented IT strategies.
The fact sheet, produced by the Insttute of Directors provides value information and avice on how IT can help your business. Download it here.
