November 5, 2007 - Micro Focus and INSEAD called for a radical shift in management and valuation of IT assets at organizations worldwide. An INSEAD research paper, by Soumitra Dutta and sponsored by Micro Focus, challenges c-level executives to move away from managing their core software assets as an expense item often written off and communicate the real value of core software assets to the boardroom. Duttas study builds on quantitative research gathered from CIOs and CFOs in October. The research uncovered evidence that, despite a global annual IT spend of $1 trillion in 2006 alone, IT systems are the hidden corporate asset. It highlights how the size and value of IT assets are being ignored by the worlds leading companies, compared to other regularly measured corporate assets such as cash, brand, property and intellectual property. Duttas INSEAD report identifies that software is a key asset that is crucial to business strategy and an important vehicle for value creation in business today. He also identifies a complete lack of adequate tools for assessing the business value of a firms core software assets.
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