Too many IT organizations and too much IT spending is not contributing directly to business growth, according to Gartner, Inc. In fact, eight out of 10 dollars that companies spend on IT is "dead money."

Gartner analysts explained the challenge facing IT during the opening keynote address "The New IT Investments Powering Productivity and Growth" here at the Gartner Symposium/ITxpo, which is being held October 8-13. Gartner analysts said IT leaders must be able to show the business value they bring to their organization.

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