Where Are IT Investments Going In 2017?

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If information is the key to success then knowing about key technology needs and trends of the industry is key to the successful technology investment. The latest emerging technology trends indicate that technologies such as cloud, analytics (including business intelligence), mobility are on the top priority. Additionally, the technologies which are helping the CFOs to overcome business challenges such as mentioned below are catching attention and funds, both:
Reducing operating costs, enterprise wide
Availability of the information “when required and as required”
Analysing and monitoring business performance analysis
Availability and completeness of the data used for decision making
The fact that the CFOs are putting in efforts to solve such challenges by means of technology demonstrates that the technologies which are developed keeping business at the helm of the centre are having higher importance higher adoption. Apart from the emerging technologies few other which are of key importance to the CFOs are enterprise business applications, business process management tools, enterprise performance management tools helping them to deal with enterprise wide challenges. Similarly, for core business operations and for statutory needs investments are made in the technologies which are able to cater to requirements such as:
Performance management data (dashboards, scorecards) for management reporting
Budgeting, forecasting & planning
Consolidated financial reporting and management
Enterprise risk management
Technologies which provide clear business proposition are more likely to resonate with CFOs. For example, one of the key needs of the CFO is too play with data and draw meaningful conclusions to take real time decisions to run business. At the same time place comfort on the baseline data used for performing analysis and feel confident on the decisions taken. This typical demanding requirement is answered by Business Intelligence and Analytics tool, helping the CFO to create his or her own playground and faster turnaround of decisions. The high side of the story is that such technologies coupled with other technologies such as cloud computing (SaaS – Software as a Service) provides benefits of cost arbitrage, as well. Such investments are truly the double edged sword racking high on the CFOs agenda.
The recent  survey results  indicates that digital technologies are on top priority of technology investment.
This includes enterprise mobility, data analytics and cloud. They are fundamentally changing the ways in which consumers interact with these organizations, and at the same time creating new business models at the heart of these organizations. Therefore, organizations see value in investing and adopting these technologies during early stages.
Cloud computing and IT consolidation are seen as the forerunners in this race
Business Intelligence, Analytics and Big Data come second
Enterprise mobility and social media
Key thoughts and comments:
Technologies serving to key business needs and requirements such as:
Helping overcome operational performance measurement & monitoring challenges
Providing flexibility to access right data anywhere anytime enhancing decision
making capability
Streamlining reporting and consolidation for statutory compliance needs
Oversight and timely remediation of risks at an enterprise level
Reducing operational costs and still operate effectively & efficiently
Precise and sharper view on the business to stakeholders such as boards, audit
committees or investors
For now and time to come, emerging technologies such as cloud, analytics, mobility are the right options for technology investment aiming to make business more agile and cost effective. While, on the other hand enterprise technologies such as business process management, enterprise applications (ERP), performance management suites, GRC tools are the investment options to help achieve enterprise wide functional & procedural control and effective monitoring.