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.