Many corporations waste their IT budgets on the “T" instead of benefiting from the “I" in IT. Information can be used to reduce costs, manage risks, add value, or even create a "blue ocean" opportunity. Let me therefore give you two ways you can change the game and make a dent in the universe.
Average annual corporate productivity in the US grew from 1.6% to 3.3% from 1995 to 2004, but we have since then (both before and after the recession) seen a decline in average annual productivity growth from 3.3% to 1.8%. Enterprise IT helped to fuel the growth from 1995 to 2004, but have since then failed to deliver value. The decline in productivity is according to the Federal Reserve Bank of San Francisco most visible in information and IT intensive industries.Read More