As eDiscovery moves into the IT deparments of the Global 2000 as a subset of GRC (Governance, Risk and Compliance), I plan to start talking more and more about the eDiscovery paradigm shift in the context of the IT department. As such, this morning I ran across the results of the The Society for Information Management (SIM) surveyed CIOs and IT executive leaders about their top priorities for 2010, based on a list of 20 IT and business concerns. A great summary of the results of this survey can be found on the Network World website in a Septebmer 25, 2009 article by Denise Dubie titled, "CIOs seek better results, lower costs".When looked at through the prisim of eDiscovey, The Top ten trends for CIO's reveals some interesting results:
1. Business productivity and cost reduction (investing in GRC/eDiscovery technology and best practices to enable more proactive as opposed to reactive ESI management represents the potential for tremendous reductions in the overall cost of ESI management).
2. IT and business alignment (Aligning/prioritizing the requirements of GRC/eDiscovery within IT will pay big dividends for the business)
3. Business agility and speed to market (brining eDiscovery in-house will pay big dividends and offer expanded business agility in dealinig with litigation)
4. Business process reengineering (Lean Six Sigma practices will play a big role in the development of GRC/eDiscovery best practices).
5. IT cost reduction (Apporpriately addressing the requirements of eDiscovery may represent the biggest opportunity to reduce costs).
6. IT reliability and efficiency (Emerging GRC/eDiscovery technology will lead to better overall ESI mangement and increase IT reliability and efficiency).
7. IT strategic planning (GRC/eDiscovery should be on the top of every strategic planning list).
8. Revenue-generating IT innovations (GRC/eDiscovery innovation will address provide opportunities to fulfill this trend).
3. Business agility and speed to market (brining eDiscovery in-house will pay big dividends and offer expanded business agility in dealinig with litigation)
4. Business process reengineering (Lean Six Sigma practices will play a big role in the development of GRC/eDiscovery best practices).
5. IT cost reduction (Apporpriately addressing the requirements of eDiscovery may represent the biggest opportunity to reduce costs).
6. IT reliability and efficiency (Emerging GRC/eDiscovery technology will lead to better overall ESI mangement and increase IT reliability and efficiency).
7. IT strategic planning (GRC/eDiscovery should be on the top of every strategic planning list).
8. Revenue-generating IT innovations (GRC/eDiscovery innovation will address provide opportunities to fulfill this trend).
9. Security and privacy concerns (The very nature of GRC/eDiscovery will enable IT departments to address the security and ESI privacy concerns immediately).
10. CIO leadership (GRC/eDiscovery issues should enable CIO's to take a seat at the board level).
10. CIO leadership (GRC/eDiscovery issues should enable CIO's to take a seat at the board level).
The full text of the article by Ms. Dubie is as follows:
More than half of nearly 250 CIOs, CTOs and IT executives surveyed by the Society for Information Management (SIM) said their top business concern in 2009 is business productivity and cost reduction. About one-third of respondents noted IT and business alignment as a concern, followed by close to one-fourth who indicated they were concerned with business agility and speed to market. Nearly 20% of those surveyed by SIM said business process re-engineering topped their list and 17% listed IT cost reduction, which ranked fifth among IT management concerns in SIM’s 2009 IT Industry Trend Survey.
“The results of the study confirm that the economic downturn has caused a significant shift in priorities,” said Jerry Luftman, a former SIM vice president and executive director of Graduate Information Systems Programs and distinguished professor at Stevens Institute of Technology, in a statement. “IT executives are focusing on ensuring that business is conducted efficiently to get more mileage out of their budgets.”
And while cost-cutting remains a priority, SIM’s findings show that IT compensation might not continue to be impacted. Some 80% of respondents said staff salaries stayed the same or increased in 2009, and 91% expect pay to remain flat or increase in 2010. As for budgets, 52% experienced budget decreases in 2009, but looking ahead to 2010, 27% expects IT funds to increase and 45% expect finances the stay the same
Among the technologies and IT project areas that respondents indicated to SIM were a priority in the coming months are business intelligence, server virtualization, ERP systems, customer corporate portals, enterprise application integration and continuity planning/disaster recovery.
Separately, the Computer Technology Industry Association, or CompTIA, polled some 200 U.S.-based IT organizations and learned that overall the confidence in business is growing. The survey revealed that nearly half of companies polled expect to increase investment in research and development and other revenue generating initiatives. It also found that nearly one-third plan to increase spending on technology. And more than half of those surveyed expect to keep staff levels the same, while nearly 30% expect to increase hiring in the next six months.
Looking ahead “67% of firms rate the outlook for the IT industry positively, compared to 55% today,” the report states.
More than half of nearly 250 CIOs, CTOs and IT executives surveyed by the Society for Information Management (SIM) said their top business concern in 2009 is business productivity and cost reduction. About one-third of respondents noted IT and business alignment as a concern, followed by close to one-fourth who indicated they were concerned with business agility and speed to market. Nearly 20% of those surveyed by SIM said business process re-engineering topped their list and 17% listed IT cost reduction, which ranked fifth among IT management concerns in SIM’s 2009 IT Industry Trend Survey.
“The results of the study confirm that the economic downturn has caused a significant shift in priorities,” said Jerry Luftman, a former SIM vice president and executive director of Graduate Information Systems Programs and distinguished professor at Stevens Institute of Technology, in a statement. “IT executives are focusing on ensuring that business is conducted efficiently to get more mileage out of their budgets.”
And while cost-cutting remains a priority, SIM’s findings show that IT compensation might not continue to be impacted. Some 80% of respondents said staff salaries stayed the same or increased in 2009, and 91% expect pay to remain flat or increase in 2010. As for budgets, 52% experienced budget decreases in 2009, but looking ahead to 2010, 27% expects IT funds to increase and 45% expect finances the stay the same
Among the technologies and IT project areas that respondents indicated to SIM were a priority in the coming months are business intelligence, server virtualization, ERP systems, customer corporate portals, enterprise application integration and continuity planning/disaster recovery.
Separately, the Computer Technology Industry Association, or CompTIA, polled some 200 U.S.-based IT organizations and learned that overall the confidence in business is growing. The survey revealed that nearly half of companies polled expect to increase investment in research and development and other revenue generating initiatives. It also found that nearly one-third plan to increase spending on technology. And more than half of those surveyed expect to keep staff levels the same, while nearly 30% expect to increase hiring in the next six months.
Looking ahead “67% of firms rate the outlook for the IT industry positively, compared to 55% today,” the report states.
Great post, Charles! As an analyst for Exterro, Inc., the leading provider of software solutions for legal governance, risk and compliance management, I've seen many of our forward-looking clients begin to think about e-discovery in a more proactive way.
ReplyDeleteMost of our Fortune 500 clients are moving e-discovery in-house, and have standardized their e-discovery processes using Fusion, a collaborative project management platform that effectively bridges the gap between legal and IT.
Additionally, most large organizations are thinking about how to proactively manage information for litigation as well as for data loss prevention and security purposes. Many of our clients have begun building and using data maps -- indices of an organization's IT systems mapped to custodians and HR data -- and have automated these systems using Fusion Genome.
Thanks for the informative post, and I look forward to hearing what you have to say as the year comes to a close!