[April 26, 2018] |
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Snow Software: IT Leaders Concerned About Technology Spend Being Owned by Business Units
Snow
Software ("Snow"), the global leader in Software
Asset Management (SAM) and Cloud
Management solutions, has announced the findings of a major
piece of research, commissioned to gain insight into the changing
balance of technology purchasing and the issues this raises.
The explosion in cloud applications and Infrastructure as a Service
(IaaS) has enabled business units to purchase critical business software
and increasingly bypass the IT team when defining, sourcing and managing
new IT initiatives. The research found that changes in IT procurement
and consumption are driving a divide between business and IT.
Concern over business unit control
24 percent of survey respondents say at least half of their
organizations' technology spend is controlled by business units, rather
than the IT team. In addition, 19 percent say control is shifting away
from IT.
The survey revealed the extent of IT leaders' concern as business units
increasingly take ownership of technology spend.
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90 percent expressed concern that audit preparation is becoming more
time consuming and complex as a result.
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83 percent are worried cloud spend will spiral out of control.
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70 percent were concerned about the increased data security risk.
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60 percent are concerned or very concerned about the increased threat
of non-compliance.
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41 percent are concerned about losing control and influence.
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42 percet are lacking visibility into technology spend.
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29 percent feel they are losing control of costs.
An opportunity for IT to become more strategic and innovative
Despite their concerns, 69 percent of survey respondents see the
increasing business unit ownership of technology spend as an opportunity
to better support and align with the business.
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65 percent feel business unit involvement will not undermine agility
and innovation.
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49 percent believe that increasing ownership of IT spend by business
units will provide an opportunity for them to personally focus on more
strategic initiatives
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30 percent also reported that the shift has made it easier to command
boardroom attention, as the organization's leadership gets to grips
with digital transformation.
"There is no question that many CIOs are now grappling with the divide
between business and IT as purchasing patterns continue to shift - a
divide we call the Disruption Gap. However, CIOs needn't fear this
shift. This research illustrates that forward-thinking CIOs are adapting
to become a trusted advisor to the business," said Axel Kling, CEO at
Snow Software.
"Increasingly, the CIO is required not just to define and lead
individual projects, but to provide the CFO and the executive team with
an understanding of technology budgeting, aggregation of spending plans
across the organization (regardless of owner) and assurances that money
is being spent wisely." You can't do that, says Kling without the
correct solution. "These responsibilities are impossible to deliver
without insight into technology consumption. This requires mature
processes and actionable analytics."
Click
here to download the report: INNOVATION, TRANSFORMATION AND CONTROL.
- ENDS -
About Snow Software
Whether it's through lack of control, lack of understanding or lack of
compliance, Snow (www.snowsoftware.com)
believes that most organizations today end up paying too high a price
for their software.
Snow Software is headquartered in Stockholm, Sweden, with offices across
the globe. It is the largest dedicated developer of SAM solutions
designed to ensure that the investment in enterprise software is money
well spent - ensuring organizations have the appropriate licenses for
the software they use - not too many, not too few.
With more local offices and regional support centres than any other SAM
solutions provider, more than 4,500 organizations around the world rely
on Snow Software's on-premise and cloud-based SAM solutions to manage
software licensing across more than 11 million devices, from mobile to
desktop, data centre to the cloud.
Methodology
Snow Software commissioned IDG to interview 100 CIOs & IT
leaders from companies with more than 500 employees, to investigate the
'Disruption Gap' between business unit technology spend and the concerns
of the central IT team to reign-in overspend through duplication, missed
opportunities for volume purchasing and shelf-ware. The survey was
conducted in the UK from November 2017 to January 2018.
For the latest information about Snow, please visit:
Web: www.snowsoftware.com
Twitter (News - Alert): @snowsoftware
View source version on businesswire.com: https://www.businesswire.com/news/home/20180426005090/en/
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