IT budgeting: Perception and reality

Lack of accurate data on IT portfolios – such as applications, their interdependencies, and their links to business performance and risk – can drive unnecessary costs, drain productivity, and increase risk. In its recent survey of financial decision makers, Nucleus found that 44 percent of companies still rely on ad-hoc tactical information gathering when measuring IT-business alignment, meaning one in 10 companies has to wait at least a month to get precise information on the impact of a budget change on IT. When it comes to forecasting, 39 percent of companies believe their IT forecasts are only half right.