We are pleased to introduce the 2005 Harvey Nash USA Market Survey, sponsored by PricewaterhouseCoopers. Although Harvey Nash has produced a survey in the UK for seven years, this is the first edition in the US. Included is a profile of US CIOs and the role of IT within their businesses, a look at issues facing senior IT executives, and a report on their compensation and bonus structures.
First, IT budgets are growing again worldwide. IT spending limited by recession has led to pent up demand for operational improvement that’s now being released. In addition, a significant portion of IT budgets in the US has been devoted in recent years to complying with new regulatory requirements like Sarbanes-Oxley. With the initial controls assessment behind them, many respondents indicated their companies are once again feeling confident that they can afford to invest more in technology.
Second, security ranks as the top concern for US companies. This is in contrast to their counterparts in the UK, where security ranked third as a perennial concern. The high US ranking for security most likely stems partly from new regulations on information privacy, and partly from increased awareness of security threats that other global markets already seem to have some familiarity with.
Third, the survey indicates that American CIOs aspire to be more strategic and more in tune with the needs of the business. The good news is that their aspirations come at a time when business executives want to deploy IT more strategically in their companies. This confluence of career and business goals sets the stage for CIOs to gain even more influence in their organizations.
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