What the Board Needs to Know About IT: Phase II

The board’s role in leveraging technology as a strategic resource: Eight Big Ideas from a survey on Information Technology in the Boardroom.


"The Board and Information Technology Strategies: Maximizing Performance through IT Strategy” is the latest report in Deloitte Consulting LLP’s (Deloitte Consulting's) research initiative to explore how boards of directors are approaching information technology (IT). The report, conducted in collaboration with Corporate Board Member magazine, represents the culmination of 14 months of research and includes responses from more than 450 directors of publicly traded global companies with revenues of more than $1 billion USD.

Phase II highlights “Eight Big Ideas” with respect to maximizing performance through IT strategy:

  1. IT is a hot topic – and more and more directors are beginning to recognize its intrinsic value.
  2. Attention to IT strategy at the board level, and to measuring and monitoring the value of IT, correlates to better business performance.
  3. Directors lack adequate information on IT strategy.
  4. When director involvement in IT heightens, understanding of its role in strategy deepens, and IT becomes more effective in supporting the business.
  5. Boards today understand IT as a value lever and expect to spend more time on IT strategy in the future.
  6. Boards recognize the importance of having an IT strategy, yet they still aren’t talking about IT in the boardroom.
  7. Directors must improve how their companies measure and monitor the value of IT.
  8. It’s important to have chief information officers and chief technology officers who are conduits to the board and can talk in the language of “business” rather than “technology.”

Download (Please login and scroll down)

Download Document: Documents are in common file formats such as Microsoft Word (doc), Powerpoint (ppt), Excel (xls,csv,xlsx), and Adobe pdf.
Download


Related Categories




Related Topics




Related Articles


Accountability, Corporate Governance and the Role of the State

This paper takes a look at corporate governance from a perspective seldom discussed: does the state play a role on corporate governance?

Board Briefing on IT Governance

IT Governance provides the policies, procedures, tools, frameworks etc. to manage IT. Hence, it is critical to the success of any organization. Can you convince your board of the same? More importantly, can you then execute against this obvious prem...

Bringing IT into the Boardroom

The board’s role in leveraging technology as a strategic resource.

CIO Responsibilities in IT Governance

This report discusses information technology governance at leading companies and presents a framework for IT governance with CIO responsibilities.

Corporate Governance of Information Technology

This presentation makes the connection between corporate governance, information technology IT governance, information security governance, and risk management.

Distinguishing Governance From Management

This paper discusses seven questions that can help distinguish governance, i.e. the role and responsibilities of the board, from management.

Process and Politics in IT Governance

This research study on IT governance in higher education addresses a host of issues starting with a definition of IT governance.

Strategy, Risk, and Governance of IT Investments: Board, CEO and CIO Perspectives

 This survey explores the issue of return on IT investments from a Board and CEO perspective.

The New Governance Paradigm

Do independent boards help shareholder value?

Why the growing interest in IT governance?

 This presentation defines Information Technology Governance and lays out a case for its use to increase IT value.




Posted on 03/16/2009 by


What the Board Needs to Know About IT: Phase II author Webmaster1

Webmaster1




Signup For ThoughtLeader









Subscribe


CIO Index

Our Focus is On Your Agenda

CIO Index is the world's largest professional network for CIOs - of the CIO, for the CIO, by the CIO. 

Over 70,000 CIOs and other IT Executives use CIO Index to Learn, Network and Share.

 

Cioindex, Inc.

  • (+1) 800-309-3550
  • Mon - Fri 9:00am - 5:00 pm
  • 115 Franklin Tpke, Mahwah, NJ 07430