Major findings from society for information management

Assignment Help Operation Management

Reference no: EM132216663

Current IT Trends: SIM Report of 2018

This article presents the major findings from the Society for Information Management’s (SIM) 2018 IT Trends Study. IT spending as a percentage of revenue is up sharply to 6.08% over last year’s 5.04% and the ten-year average of 4.55%. Correspondingly, 74.0% of organizations report increases in their IT budgets compared to 71.0% last year. Most of this spending is on people: 49.1 % is spent on Employees, Contractors, and Consultants; 39.3 % on Hardware, Software, and Facilities; and 11.6 % on Cloud Computing and Other. Hiring is increasing, with 61.3% of organizations increasing their hiring this year and 70.0% predicting increased hiring in 2018. Also, 94.8 % of the organizations report granting IT salary raises this year. In the areas of overlapping budget categories, “Keeping the IT Lights On” is the largest, followed by Software Development & Maintenance, IT Capital Investment, Outsourcing, Cybersecurity, and Business Analytics. In terms of new IT capital investments, organizations are investing in Business Analytics, followed by Security, Cloud, Application Development, and ERPs. Despite the spending, however, it appears that more organizations could and should be doing more about cybersecurity.

Question for Discussion:

Based on the attached SIM IT Concerns Survey discuss the following:

1. Which of the top 10 concerns would you rate as the top 3 and why?

2. What are the reasons for the new concerns added in the latest survey? Do you agree and why?

3. Which of the 10 Most Worrisome would you rate as top 3 and why?

4. Based on your reading of the findings of the SIM IT Trends Report and your own understanding of the field how would you as a CIO prepare for and respond to these issues and trends?

Submit a 2-page write up on the above.

Reference no: EM132216663

Questions Cloud

Construct an example of sound argument : What is required for an argument to be sound? Construct an example of a sound argument.

Steps should be taken prior to closing the borders : what measures/steps should be taken prior to closing the borders. Is there a way to gradually enact this?

What is the reliability of the improved security system : What is the reliability of the original system? What is the reliability of the improved security system?

Social media and background check : Studies conducted in the field indicate that many companies use social networks as a source of information at the time of the background check,

Major findings from society for information management : This article presents the major findings from the Society for Information Management’s (SIM) 2018 IT Trends Study.

What is the difference between r and k selective : What is the difference between R and K selective? Provide an example of a K specialist species and an R specialist species (find examples outside the textbook).

Describes the effects that labor shortages of key personnel : describes the effects that labor shortages of key personnel and rising costs of labor have on profitability.

Is the production of steel weight-losing or weight-gaining : Is the production of steel weight-losing or weight-gaining? Determine where the factory will be located in order to save as much as possible in shipping cost?

Discuss how traditional management practice tends : Discuss how traditional management practice tends to favor incrementalism and perpetuation over new thinking and innovation

User Account

All Pages