Accelerate Value Creation: The Virtuous Cycle of Using Technology to Maximize Business Value
Published by SAP on Oct 17, 2008 Corporate IT spending continues to grow. Since 1994, the IT spending per worker has more than doubled, from US$3,500 to US$8,000 per worker. Annual productivity growth in U.S. companies roughly doubled in the same period, after experiencing 1.4% growth for 20 years (Harvard Business Review, July–August 2008). But in today’s economy, competitive advantage is short-lived, and leading companies recognize that continued investments in the virtuous cycle of technology are required to stay ahead.
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