Standish Group's New "Trends In IT Value" Report Shows Benefits Soaring, Costs Dramatically Declining

"Every year, IT value has increased exponentially because everyone wants more for less," said Jim Johnson, Chairman of The Standish Group. "IT continues to deliver more for less, bringing users and stakeholders ever-increasing benefits," he added.

According to Terry Dooley, Senior Vice President and CIO, SHAZAM, Inc. (www.shazam.net), "As information technology continues to transform our daily lives, effective management of resources -- from hardware and software to specific projects and the people to make it all work properly -- is critical. The value of IT is directly proportional to its ability to improve the consumer's experience."

"An eye-opening chart in the report shows the declining costs of processing a cash withdrawal. In the earliest days of the technology (circa 1968) an ATM transaction cost $5.00. Today, that cost is approximately half of one cent US! Most people today cannot image life without an ATM virtually everywhere," said Ed Cobb, former Vice President of Emerging Technology & Standards, BEA Systems, Inc.

The "Trends in IT Value" report is designed to show the trends and drivers that have been steadily increasing the value of IT over time. "We have identified the 10 most important drivers of IT value, ranging from lowering infrastructure costs, reducing downtime costs and vendor consolidation, made up of bundle buying, open source and single-source support. This last driver is responsible for organizations savings the some $60 billion annually due to the increased popularity and utilization of open source software," stated Jim Crear, CIO of The Standish Group.

The "Trends in IT Value" is based on DARTS (Demand Assessment Requirements Tracking Studies) and Standish Group's world-famous CHAOS University Executive Seminar Series.