Executives express widespread dissatisfaction with the ability of their organizations to assimilate and respond to business change, according to a new study issued by the Business Performance Management Forum (BPM Forum) and webMethods, Inc. While recognizing the strategic role that IT can play in addressing these requirements, these executives also indicate that IT often fails to keep pace with the demands of their business. Due to these limitations, they face significant constraints in confronting emerging risks and opportunities, as well as additional challenges in their ability to create long-lasting competitive differentiation.
In fact, some three quarters of executives surveyed from larger companies with more than $500 million in revenues said they are not satisfied with the ability of their companies to respond to change. Forty-five percent of these executives believe that their IT departments are either having "significant difficulties" keeping pace or "can't keep up at all."
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