IT leaders reject investment in innovative technology

Some 61 per cent of CIOs are reluctant to invest in cutting-edge systems

Over half of IT leaders in the UK are hesitant, averse or nervous about purchasing breakthrough technologies according to new research.

Research carried out by Fujitsu Siemens Computers finds 61 per cent of chief information officers and IT directors are reluctant to invest in new technologies with 37 per cent describing themselves as hesitant, 19 per cent averse and 19 per cent nervous.

Only two per cent are eager about the prospect of purchasing new technology that could make a difference to their business.

Some 23 per cent believe the biggest overall challenge when procuring newer types of technology is convincing the board it is a safe investment.

This was the biggest challenge in the financial services sector where 30 per cent cited convincing the board as their biggest test.

Disruption to business users and overcoming budgetary constraints were the other main challenges to procuring new technology.

IT systems built over the last 20 years will begin to creak, says Steve Kendall-Smith, managing director of Fujitsu Siemens Computers UK.

‘It will take people with the necessary ambition and nerve to address the task of replacing them with cutting-edge alternatives,’ said Kendall-Smith.

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Further reading:

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