IT is no longer an insulated part of a company or its own separate industry. Thanks to the digital reliance felt by modern people and businesses, IT has adapted and evolved, allowing its influence to be felt across all industries.
This is particularly noticeable with the way business practices are now being shaped within companies, as recent trends have seen them integrate with IT processes.
Research conducted by IDC revealed the extent to which business and IT spending have become one and the same. According to the firm, just over half (55 percent) of all IT spending is on business growth initiatives, leading to increased demand for business analysts.
This demand for business analysts is being shaped by the evolving roles of managers within the surveyed companies. Business managers and other executives now have an influence on the direction of their IT programs, as they have realised the benefits effective IT infrastructures can provide.
Up to 36 per cent of respondents indicated that strengthening the bond between IT and business departments were an important goal for these departments. As this happens, business analysts will need to be prepared for the changes to the workplace this will bring.
“The time has come for transformational initiatives and a new type of alliance between business and IT,” said Zoltán Komáromi, co-head of research for IDC CEE.
“The value extracted from company data is increasingly becoming the hard currency … IT can provide to the business. As we predicted, this means the role of innovation driver is clearly being assumed by IT.”
Big data continues to influence the direction of IT departments, especially as the value of data is realised. Of those surveyed, 34 per cent indicated this was a central focus for IT investment along with business intelligence and analytics.