Singapore CIOs point to value, not cost, to assess IT investment

Summary:IT chiefs of Courts and YCH Group, at ZDNet Asia IT Priorities panel discussion, provide insights on their IT investments.

SINGAPORE--ZDNet Asia this week unveiled key findings from its annual IT Priorities survey at a panel discussion attended by 50 IT players and managers in Singapore.

Angus Macaskill, industry analyst from ZDNet Asia's parent company CBS Interactive, presented the survey findings, and later joined the discussion with other panelists who were:

•  Bo Christensen, CIO of Courts Singapore;
•  Alec Ang, CIO of YCH Group; and
•  Michael Barnes, vice president and research director of Forrester Research.

The panelists noted the importance of focusing on the value a piece of technology can bring to the company, rather than worry about whether IT budgets had increased or dipped.

Barnes added that companies which emerged stronger from a recession were typically those that never forgot about the need to adopt technologies that would help grow the company, regardless of the cost of implementation.

A member from the audience also asked about the impact of market consolidation and whether vendors were putting more pressure on IT departments to consolidate everything on one particular vendor. He wanted to know if the CIOs were comfortable with a single-vendor environment or they preferred having three to four vendors.

Christensen replied: "Personally, I would be very concerned about having one large vendor drive my IT needs, applications and capabilities. I will always want to have a range of companies...because technology keeps changing so what guarantee will I have that one large vendor can keep pace?"

For YCH, Ang said it would depend on the type of application deployed. For instance, he explained that it would not make sense to have three large ERP deployments, while he would look at different options in market segments where a lot of new technologies were still emerging.

The panelists also unveiled the biggest painpoint they hoped technology would help address.

Topics: IT Employment, Banking, CXO, Emerging Tech

About

Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently a freelance blogger and content specialist based in Singapore, she has over 15 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings. Eileen majored i... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.