Companies are spending billions of dollars on information technology every year but few boardrooms know the value of their hardware and software and the contribution they make to their businesses, a study published today has found.
The survey of 250 chief information officers and chief finance officers from companies in the US, UK, France, Germany and Italy found that fewer than half had tried to value their IT assets and 60 per cent did not know the worth of their software.
The study, commissioned by Micro Focus, a UK software developer, canvassed businesses with revenues from $100m to more than $1bn across all industries.
Although there have been fears of a slowdown, investment in such technology by companies has weathered the slowdown seen elsewhere.
Spending on software, computers and peripherals in the US has risen 8.4 per cent this year. IDC, the research firm, estimated companies committed to spending $1,160bn on such technology in 2006.
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