October 6, 2011 – IT and business alignment topped the list of IT concerns in this year’s annual survey of CIOs and IT executives from the Society for Information Management.

Responding U.S. SIM members revealed that cutting IT budgets has dropped in importance, and business now works closely with IT partners. This finding is both significant and positive for IT, according to lead researcher Jerry Luftman, professor at Stevens Institute of Technology. Instead of cutting IT, businesses are looking to leverage IT to reduce the overall business expense.

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