
A recent survey of 3,000 IT executives finds IT budget cuts had harmed innovation had stopped organisations winning new business.
Around 53% of CIOs said they didn't understand cloud computing or see how it could save them money. This corroborates another piece of research Majority of European IT Heads Unaware of Cloud Computing.
The survey was carried out by Datamonitor on behalf of BT Global Services.
During the recession, as many CIO's focus on cost-cutting activities, there appears to be a lack of skills and experience in implementing a systematic approach to innovation - see Why aren’t CIO’s Innovators?