Most IT organizations are cost -- not profit -- centers. Senior executives (except for the CIO and CTO, of course) are always trying to reduce technology expenses. A friend of mine -- a CIO at a major insurance company -- gets a memorandum every quarter from the CEO asking him to reduce technology expenses by 10%. He keeps telling him that if he were able to reduce technology spending by 10% -- quarter after quarter -- eventually technology would be free. This silly dance has been going on for years.
Advisor
Making Money with IT: Three Ideas for Revenue Generation
Posted April 13, 2006 | Leadership | Leadership |
About The Author
Stephen J. Andriole is a Fellow with Cutter Consortium, a member of Arthur D. Little's AMP open consulting network, and the Thomas G. Labrecque Professor of Business Technology at Villanova University. His specialty areas include digital transformation, emerging technology trends, cloud computing, social media, technology due diligence, software IP valuation, business technology strategy, business technology management, technology governance,… Read More
Don’t have a login?
Make one! It’s free and gives you access to all Cutter research.