Feeds

IT is a cost not a money-spinner, biz says

And compliance a huge drag on IT budget

Secure remote control for conventional and virtual desktops

Most large Irish companies consider IT as a business cost rather than a possible revenue generator, according to a new survey.

The Coleman Parkes study revealed that only one in 10 major companies in Ireland spends more of their IT budget on potentially money-making ideas than on non-revenue generating activities.

The report authors, who were commissioned by system access specialist firm Citrix, believe this result is a "stark warning" to technology providers and vendors that price and infrastructure, not business benefits, are the current influencing factors for companies' IT decisions.

The study, which interviewed senior management from 100 organisations in Ireland, and a further 400 across Britain, Belgium, the Netherlands and South Africa, also found that the latest generation of financial compliance regulations are still a major concern when budgeting for IT expenditure.

More than 40 per cent of companies surveyed are spending a third of their IT budget to help them comply with financial compliance rules such as Sarbanes-Oxley and Basel II, while one company in every 10 estimates that a massive 70 per cent of their IT budget is now solely compliance related.

Other key findings reveal seven out of 10 large Irish companies have centralised their IT management and control departments - a development which mirrors results in the other countries surveyed. Similarly, as in all of the other countries surveyed except Belgium, just over half of Irish senior managers believe new IT applications are secure.

"It's encouraging to note that Irish companies are 'future proofing' their IT through the centralisation of IT management and control, and also implementing web based services," Citrix managing director Richard Jackson said in a statement.

Meanwhile, in the sphere of mobile working, 70 per cent of Irish companies believe remote access to email and the internet is sufficient for an employee to be classified as a mobile worker, but two thirds feel that trust is a key impediment to the successful implementation of such mobile working. That's according to a survey also carried out by Coleman Parks on behalf of Citrix.

Copyright © 2006, ENN

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.