British companies underinvest in governing IT.Mercury Interactive For another company with a similar name, see Mercury Computer Systems. HP Mercury (formerly Mercury Interactive) is a subsidiary of Hewlett-Packard that is a market leader in automated software quality assurance and offers products in other areas such as diagnostics, Corporation have announced the findings of a major survey which indicates that embattled em·bat·tled adj. 1. Prepared or fortified for battle or engaged in battle: embattled troops; an embattled city. 2. British chief information officers (CIOs) are struggling to prove their value and regain lost trust from their companies' management boards. Many of the 808 CIOs surveyed worldwide cited better IT Governance as holding the key to regaining senior management's faith in IT. The survey, commissioned by Mercury and conducted by the Economist Intelligence Unit The Economist Intelligence Unit (EIU) is part of The Economist Group. It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. (ERD, revealed the top pressures facing CIOs worldwide. In the UK, the results indicated that the sheer cost of sustaining existing IT systems is placing enormous pressure on CIOs to deliver on strategic IT goals with slimmer budgets. Yet most UK CIOs are spending less comparatively on governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. IT than their counterparts elsewhere in Europe. In the EIU EIU Economist Intelligence Unit EIU Eastern Illinois University EIU Even If Used EIU Experimental Interaction Unit EIU Engine Interface Unit EIU Ethernet Interface Unit EIU Electronic Interface Unit EIU External Interface Unit survey for Mercmy, 70 per cent of UK CIOs questioned about their IT pressures believed that the best outcome of achieving legislative compliance would be more accurate financial reporting, which would help to increase profits through better governed gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. IT. However, a follow-up study conducted by Mercury UK showed that just 26 per cent of UK IT executives could afford to increase their IT Governance Vending in 2005, compared to a European average 43% increase. Only 6 per cent of UK CIOs were planning to spend less on IT Governance in future. But a worrying 54 per cent said they were only able to spend the same amount on governing IT as they were currently doing. www.mercury.com |
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