IT chiefs don’t know the value of their assets
New research from Micro Focus suggests that only 12 per cent of British companies can accurately state how much software is in use across their organization. Further, only 60 per cent of financial heads had tried to measure the worth of IT assets and less than 40 per cent of IT chiefs had done the same.
More than 50 per cent of respondents said that their organizations were poor at evaluating the true value of the software and hardware assets they own.
Nearly a third of financial chiefs questioned were able to state how much money had been spent on software in the last 12 months.
Professor Soumitra Dutta of INSEAD commented on the research: “This new evidence points to the fact that the size and value of IT assets, especially software assets, is clearly under-recognised compared to other corporate assets in the world’s largest companies.”
