☛ Want the latest procurement and supply chain news delivered straight to your inbox? Sign up for the Supply Management Daily
23 January 2012 | Angeline Albert
Supply chain analytics is the top IT tool required by chief information officers (CIOs) this year, according to research.
The finding was made in the report Amplifying the Enterprise: the 2012 CIO Agenda, compiled by IT research firm Gartner, which surveyed 2,335 CIOs around the world in the final three months of 2011.
The document said: “Analytics/business intelligence was the top-ranked technology for 2012 as CIOs are combining analytics with other technologies to create new capabilities, for example, analytics plus supply chain for process management and improvement.”
The research also found that organisations will have to deliver on multiple priorities without an increase in their IT budget. CIO IT budgets are expected to be flat, for all those surveyed – the average rise was just 0.5 per cent, with declining budgets in the North America and Europe.
Gartner said in a statement: “Meeting business expectations for increased growth, reduced cost or a transformed customer experience normally involves a significant increase in IT resources. Some 46 per cent of CIOs reported that their IT budget would increase from 2011 to 2012 in terms of actual spending. The average firm in this year's survey will see a modest budget increase of between 2 and 3 per cent.”
Mark McDonald, group vice president for Gartner Executive Programs, said: "Present economic conditions may tempt CIOs to force IT back into cost-cutting mode, but senior executives expect technology — and this includes IT — to address the tough challenges.”