TOP TEN CONCERNS > Managing Budgets
Budgets are as tight as ever. In last year’s research they were CIOs’ biggest concern and this year they are still near top at second place. Since the last recession where IT budgets were pared to the bone, organisations are striving to keep a really tight control over them, even though they still need innovative IT to keep ahead of the competition. Savvy CIOs are seeing savings through standardisation of the IT infrastructure so new systems can be financed without increasing budgets.
News
Technology helps Tesco beat crunch
Investment in systems paying off
Credit crunch hits as CIO editor plans to sleep rough
All for a good cause, apparently
Microsoft launches new enterprise license deal
Select Plus offers little to the end user, claims analyst
IT directors to challenge vendors' green claims
Global Action Plan charity tries to cut through the hype
Indian outsourcers face fall out from credit crunch
Analysts warn of three to four year hangover from crisis
Microsoft to buy back £22bn stock
Money banked for Yahoo deal will be returned to shareholders
CIO News View: Banking chaos likely to feed BI, governance tools
New Depression could be joy for some IT vendors
JP Morgan spends $1bn on treasury services
Builds single, global platform for treasury services
Primark sales sugar Associated British Food trading
Group wide IT simplification part of expansion as Primark brand continues to beat rivals
BT signs £75m outsourcing extension with Steria
Telecoms giant aims to cut costs by outsourcing finance software
The CIO 100
1. Ministry of Defence
The Ministry of Defence continues to fight in Afghanistan and Iraq. Technology is charged with giving troops a competitive edge and also saving time, money and lives.
2. Her Majesty’s Revenue & Customs
The breakdown in HMRC management control and information security policy led to the biggest data loss in recent history last year, rocking faith in government IT.
3. Royal Bank of Scotland Group
The Royal Bank of Scotland has maintained its position near the top of the CIO 100 ranking during the past year despite these trying economic times.
4. BT
BT has embarked on a worldwide transformation programme with the creation of two new operating units: BT Design and BT Operate.
5. Department for Work & Pensions
The Department of Work and Pensions manages the £155 billion paid out each year to 26 million UK citizens. This year it had met ambitious efficiency targets.
6. Unilever
Neil Cameron, Unilever global CIO says the company has had a year of good progress, both for IT and the corporation as a whole. IT operations at Unilever have begun to use a four quadrant model, which will be in place globally by 2010, dividing up responsibilities into strategy and planning, business partnering, innovation and services.
7. DHL
It has been a good year for Nigel Underwood's IT team at DHL Logistics. The major integration project to merge the UK logistics company Exel with DHL parent company, Deutsche Post was completed ahead of schedule. The benefits it has delivered has built much credibility for IT across the new business, according to Underwood.
8. Royal Mail Group
Group Technology Director Robin Dargue arrived at the Royal Mail Group six months ago, with a remit to drive transformation. "I have inherited a fundamentally successful IT team that supported the £9 billion business of the Royal Mail on virtually nothing. It deserves a medal," he says. "Since I arrived we have now been up weighting the technology team so that it can cope with the transformation project ahead."
9. Lloyds TSB Group
Lloyds TSB is set to merge with HBOS to create a banking giant as the financial sector faces difficulties following on from the collapse of Leman Brothers in the US. The merger, which the government is likely to approve will create wide ranging redundancies. Perhaps by virtue of its size and having only the UK as its key market, making it the fifth largest banking group in the UK, Lloyds TSB Group has felt comparatively less growth pains in the midst of increasing global economic instability. With revenues of £16.9 billion last year, it still registered a balance-sheet item termed a "revaluation reserve reduction" of £740 million that was bigger than the £667 million sub-prime related losses charged against profit.
10. HBOS
HBOS is set to merge with Lloyds TSB to create a banking giant as the financial sector faces difficulties following on from the collapse of Leman Brothers in the US. The merger, which the government is likely to approve will create wide ranging redundancies Just before news of the merger leaked, HBOS said in its most recent trading update that, while it has not been immune to the wider economic and credit conditions, the UK's largest mortgage and savings provider was on track to demonstrate a “resilient performance in 2008”. Not bad for a bank in its tenth year as a listed company.
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