Contributed by David Furlonger
Today we conducted our Euro Crisis Webinar. 416 participants were surveyed about:
- Whether their enterprise had plans in place to deal with a worsened euro crisis
- Whether the euro crisis has impacted their IT budget
- Whether the euro crisis would influence investments in innovation
Results of the polling revealed that 50% of respondents covering all industries have no contingency plans in place to manage a worsened euro crisis. We urge clients to better prepare themselves via accessing existing research available on http://www.gartner.com/ and setting alerts for upcoming research using the search term “euro crisis”.
Existing published research includes:
Peter Redshaw Jan 18th: Euro Crisis and the Threat to Outsourcing
Andrea DiMaio Jan 18th:Examine Six Risk Dimensions of IT Preparedness for the Euro Crisis
Alistair Newton Jan 16th: Expect the Euro Crisis to Adversely Affect Payment Systems and Industry Supply Chains
Keith Harrison Jan 13th: Euro Crisis: Issues and Recommendations for Electric Utility IT Functions
Mim Burt Jan 11th: How Retail CIOs Should Respond to the Unfolding Euro Crisis
Mark Raskino Dec 29th: Euro Crisis: Key Questions CEOs and CIOs Should Ask Each Other
Dave Aron Dec 23rd: Ensure Your IT Strategy Is Ready for a Euro Crisis
Andrea Di Maio Dec 22nd: What the Euro Crisis Means for Government IT
David Furlonger Dec 20th: The Euro Crisis: Four Scenarios and How CIOs Can Prepare for Them
David Schehr Dec 20th: The Euro Crisis Will Mean More and Different Customers for Wealth Managers
David Furlonger Dec 6th: CIOs Should Address the Impacts of the Euro Crisis on Their Enterprises Now
David Furlonger Oct 1st 2010: The European Crisis and Market Impact: Situation Remains Dire
David Furlonger Apr 17th 2009: The Financial Market Crisis: Storm Clouds Over the Euro
We also asked webinar participants about their IT investment plans:
- 52% of respondents believe IT budgets will remain unchanged
- 15% expect an increase
- 9% expect a decrease of <5%
- 25% expect a decrease of >5% in their IT budgets
Clients should watch for forthcoming research from analyst Kurt Potter: Actions to Fight Cost Optimization Fatigue during the Euro Crisis, for additional guidance on how to work through reduced IT budget scenarios
Lastly, we also asked webinar participants about their views on how the euro crisis will impact investments in research and development and discretionary spending on innovation:
- 17% revealed that discretionary spending would increase
- 69% suggested there would be no change
- 14% voted that discretionary spending investments would be cut to zero
Those clients who expect no change in their innovation spending patterns or who anticipate a cut can gain further insight into the importance of maintain an innovation focus during crisis by reviewing an upcoming note from David Furlonger: Euro Crisis Innovation Remains Critical to Survival and Growth
We thank everyone for their participation today and welcome client enquiry and continued interaction on this important subject. An archive of today’s material can be found on the Gartner Webinar website.
Read Complimentary Relevant Research
What CIOs Should Tell the Board of Directors About Blockchain
Many boards of directors will call upon their CIOs to brief them on blockchain due to the current market hype. CIOs should focus on three...
View Relevant Webinars
Cloud Megavendors: CIOs Must Understand Vendor Cloud Strategies
Price wars, partnerships, acquisitions and co-opetition, along with rampant confusion and cloud washing, are setting the stage for battle...
Category: banking cio customer euro executive-decisions insurance operations payments securities social-networking twitter
Tags: banking banking-and-investment-services basel-ii cio cost-containment customer-communication customer-service customer-trust financial-crisis financial-services financial-services-restructuring innovation insurance it market-crisis operational-risk regulation regulatory-compliance restructuring risk-management scenario-planning
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes, with attribution to Gartner. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.