Processing .....please wait.. 
The article has been forwarded.... 
News >> Technology >>
NASSCOM announces winners of "India IT User Awards 2006"
By siliconindia
|
Monday, 25 June 2007, 19:30 IST
New Delhi: NASSCOM, announced the eight winners of the "India IT User Awards 2006" and released key findings of the "Tracking of the IT adoption study 2006".
Built on the theme of "Enterprise Value", the India IT User Awards 2006 felicitated the eight organizations that are using Information Technology to deliver business value.
NASSCOM had partnered with AC Nielsen for devising and following up on the award methodology and criteria, while Lalu Prasad Yadav, Union Railway Minister gave away the awards in New Delhi.
Talking about the findings of the survey, Kiran Karnik, President, NASSCOM said, "The findings of the IT User survey interestingly indicate that the average spending on IT is on the rise and the sectors leading this are BFSI, Energy and Utility and Tourism and Hospitality sector. What we also see is that from the supply side, more and more Indian IT companies have now realized the growth potential in the domestic market and are targeting this space with customized products and solutions".
The 2006 Study, conducted among IT heads and senior IT managers from about 292 companies in India, across multiple verticals, showed that the growth of IT adoption was on an incline. The study also indicated the following:
· The highest average IT spending for 2006 was for the BFSI vertical followed by for the Energy and Utility segment.
· The rate of increase in the average spending in each of these verticals was expected to be in the range of 12-27 percent, making them the most likely highest spending sectors in 2007 as well.
· The third sector which was projected to witness a considerable hike in its IT spend was the Tourism and Hospitality industry. The sector?s 
18 crore IT spend was projected to grow by 13 percent, placing it among the highest tech-spenders in India in 2007.
· Interestingly, one out of four companies in both large scale and medium scale organizations indicated that their IT budgets would increase by around 10-19 percent during the current year.
NASSCOM's "Tracking of IT adoption study 2006" also revealed:
· Business Continuity and Risk Mitigation were the key priority areas for CIOs
· Increasing efficiency and process productivity was the business goal achieved through IT adoption in 2006.
· The match between business goals and IT spends was not evident
· The CIO?s role as the ?business leader? and then as a ?technologist? was not the current prototype
· IT spends were driven by hardware followed by application and network software
The NASSCOM study made it clear that CIOs would need to ensure that the business value of IT was proven and delivered. According to the study, the business benefit would have to be proved up-front and the means of measuring benefits of IT arrived at by perhaps using an overlay IT-business balanced scorecard approach or by mapping the benefits perceived.
18 crore IT spend was projected to grow by 13 percent, placing it among the highest tech-spenders in India in 2007.
· Interestingly, one out of four companies in both large scale and medium scale organizations indicated that their IT budgets would increase by around 10-19 percent during the current year.
NASSCOM's "Tracking of IT adoption study 2006" also revealed:
· Business Continuity and Risk Mitigation were the key priority areas for CIOs
· Increasing efficiency and process productivity was the business goal achieved through IT adoption in 2006.
· The match between business goals and IT spends was not evident
· The CIO?s role as the ?business leader? and then as a ?technologist? was not the current prototype
· IT spends were driven by hardware followed by application and network software
The NASSCOM study made it clear that CIOs would need to ensure that the business value of IT was proven and delivered. According to the study, the business benefit would have to be proved up-front and the means of measuring benefits of IT arrived at by perhaps using an overlay IT-business balanced scorecard approach or by mapping the benefits perceived.