Businesses Perform Better When Boards Attend to IT
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Deloitte has completed the second phase of a research project on boards of directors and IT, and it has come up with "Eight Big Ideas." They are: |
1. IT is a hot topic--and more and more directors are beginning to recognize its intrinsic value.
2. Attention to IT strategy at the board level, and to measuring and monitoring the value of IT, correlates to better business performance.
3. Directors lack adequate information on IT strategy.
4. When director involvement in IT heightens, understanding of its role in strategy deepens, and IT becomes more effective in supporting the business.
5. Boards today understand IT as a value lever and expect to spend more time on IT strategy in the future.
6. Boards recognize the importance of having an IT strategy, yet they still aren't talking about IT in the boardroom.
7. Directors must improve how their companies measure and monitor the value of IT.
8. It's important to have CIOs and chief technology officers who are conduits to the board and can talk in the language of "business" rather than "technology."
Bottom line: IT is important, boards should pay attention, boards still don't know enough or pay attention enough to IT. Too bad the news isn't better.
Download the 28-page report here, and go here for more analysis and background from Deloitte.
