Friday, July 16, 2010

PwC says recession putting IT projects on hold

MANY ORGANISATIONS have scrapped or curtailed IT projects in light of the downturn, according to a PricewaterhouseCoopers (PwC) survey of Irish chief information officers (CIOs).

One-third of those asked said planned or initiated projects in their organisation had been cancelled in the past year. Two-thirds also reported a reduction in the scope of other projects. Eighty per cent of respondents said this kind of cost-cutting was their biggest challenge as they tried to maintain service levels and innovate.

“There’s a few different directions that it [IT spend] is going,” said Pat Kelleher, director of PwC consulting. “There’s a cost-reduction focus in IT, but there are quite a lot of companies where it’s not been cut or has actually been increased in the downturn.”Read More

Courtesy: Irish Times

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