PracticeConsultingI never know how much to invest in IT?

I never know how much to invest in IT?

A recent survey of our top 25% performing clients indicated thatexpenditure on IT should run at 10% of turnover making it the single largestexpenditure after salaries - interestingly enough, only 33% of this ishardware and software, with the remining 66% on training.

With this level of investment make sure you are not in the position of ‘theblind leading theh blind’ – do not rely on one source (often an IT partneror manager) as ignorance is not necessarily bliss.

In fact ignorance can and already has cost firms their very existence – they have been forced to ‘merge’ with another firm who is ahead when it comes to IT.

Get somebody in from the outside from time to time just to get comfort to see that you are spening your money wisely.

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