Last Updated Oct 1, 2007 6:27 PM EDT
- 60% did not know the worth of their software, and 30% did not know how much their company's were spending on software each year.
- Only 37% of CIOs have tried to quantify their assets compared to 60% of CFOs
- 56% thought that the financial value of software was ignored or poorly evaluated compared with brand, property and intellectual property values.
"We're finding the tech people tend to focus on the 'new' â€" finding a business case for the 'new'. Very little thought goes into the benefit and almost none goes into the managing of the legacy assets."Micro Focus CEO, Stephen Kelly, concludes, "If organizations do not know the cost, size and value of IT assets, then they must be severely challenged to make the right IT investment decisions."