In 2006, 70% of large Romanian companies reported an increase of 10% or more in IT budget
Bucharest, Romania: 70% of Romania largest companies’ CIOs reported 10% or more increase of their 2006 budget in comparison with 2005. According to “Romanian CIO Agenda”, the annual CIO Survey for 2007, business budgets growth is expected to continue, but IT budgets increase is expected to slow down.
The “Romanian CIO Agenda” survey is based on answers from 21 top IT executives. The respondents managed an aggregated 2006 IT budgets of EURO 220 millions and their companies have and aggregated revenues of EURO 15 billion EURO.
The survey finds that Romanian top IT executives have bigger budgets, but with pressures to contribute more to enterprise growth and effectiveness.
According to the study the top CIO business priorities for 2006 are to improve business processes (top priority for 62% of CIOs); to attract, retain and grow customer relationships (selected by 48%) and to improve enterprise competitiveness (selected by 43%).
According to the survey the 2006 technology priorities will be: business intelligence applications (BI), business process management (BMP) and Enterprise Resource Planning (ERP) upgrades. 62% of CIOs selected BI, 57% selected BMP, and 48% selected ERP. Very close to the top three is customer relationship management (CRM) with 43%.
For the 2007 and 2009, the trends continue but the survey makes an interesting reading, most notably regarding the need for revenue growth [that raises to second place in 2007] and faster innovation, shorter product/service cycles, [that raises to third place for 2009]. In 2009 technology priorities raises corporate performance management (CPM) to first place.
About CIO Council: CIO Council Romania is the only industry association representing the interests of corporate IT clients. Members are top IT executives from major companies like British American Tobacco, CEC, ALRO, ING Bank, National Bank of Romania, Nestle, Pepsi, Petrom, Posta Romana, Raiffeisen Bank, Rompetrol, Romtelecom, Selgros, Shell Gas, Tuborg, Vodafone Romania.
The main objective of CIO Council is to promote and protect interests of IT&C corporate clients.
CIO Council will address the challenges that CIOs face professionally, including the creation and use of IT&C to achieve our companies' business objectives, the development of technically capable staff, and the promotion of IT&C as a resource in Romania.
The “Romanian CIO Agenda” survey is based on answers from 21 top IT executives. The respondents managed an aggregated 2006 IT budgets of EURO 220 millions and their companies have and aggregated revenues of EURO 15 billion EURO.
The survey finds that Romanian top IT executives have bigger budgets, but with pressures to contribute more to enterprise growth and effectiveness.
According to the study the top CIO business priorities for 2006 are to improve business processes (top priority for 62% of CIOs); to attract, retain and grow customer relationships (selected by 48%) and to improve enterprise competitiveness (selected by 43%).
According to the survey the 2006 technology priorities will be: business intelligence applications (BI), business process management (BMP) and Enterprise Resource Planning (ERP) upgrades. 62% of CIOs selected BI, 57% selected BMP, and 48% selected ERP. Very close to the top three is customer relationship management (CRM) with 43%.
For the 2007 and 2009, the trends continue but the survey makes an interesting reading, most notably regarding the need for revenue growth [that raises to second place in 2007] and faster innovation, shorter product/service cycles, [that raises to third place for 2009]. In 2009 technology priorities raises corporate performance management (CPM) to first place.
About CIO Council: CIO Council Romania is the only industry association representing the interests of corporate IT clients. Members are top IT executives from major companies like British American Tobacco, CEC, ALRO, ING Bank, National Bank of Romania, Nestle, Pepsi, Petrom, Posta Romana, Raiffeisen Bank, Rompetrol, Romtelecom, Selgros, Shell Gas, Tuborg, Vodafone Romania.
The main objective of CIO Council is to promote and protect interests of IT&C corporate clients.
CIO Council will address the challenges that CIOs face professionally, including the creation and use of IT&C to achieve our companies' business objectives, the development of technically capable staff, and the promotion of IT&C as a resource in Romania.
posted by Felix Enescu at 17:26
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