Top IT Priorities

Management consultancy McKinsey & Co. surveyed business executives from across functions about their companies’ top IT priorities. More than 800 executives responded. The results were published in late March. McKinsey’s takeaway: “Organizations are using IT to improve business effectiveness and efficiency, not just manage cost.” The following are McKinsey’s top eight IT priorities.

#1 Improving Effectiveness of Business Processes

#1 Improving Effectiveness of Business Processes:

#2 Improving Cost Efficiency of Business Processes

#2 Improving Cost Efficiency of Business Processes:

#3 Providing Managers with Information to Support Planning and Decision-Making

#3 Providing Managers with Information to Support Planning and Decision-Making:

#4 Reducing IT Costs

#4 Reducing IT Costs:

#5 Creating New Products or Services

#5 Creating New Products or Services:

#6 Ensuring Compliance with Regulations

#6 Ensuring Compliance with Regulations :

#7 Managing Risk

#7 Managing Risk:

#8 Entering New Markets

#8 Entering New Markets: This slideshow originally appeared at Information Management. See also:10 Business Intelligence Trends for 2014.

Organizations are using IT to improve business effectiveness and efficiency, not just manage cost. These eight IT priorities from McKinsey prove it.