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New Survey Shows Third of C-level Executives Believe They Are Unlikely
to Meet IT Compliance and Internal Governance Deadlines
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Ambivalence Reigns over IT Role in Compliance
London, 29th March 2005 - A survey of 400 European CIOs, CTOs and IT Directors, commissioned by Compuware Corporation (NASDAQ: CPWR), the software and services company, has today revealed that 33% of organisations will fail to meet IT compliance deadlines. Despite 94% recognising that they were increasingly accountable for ensuring IT applications meet regulatory compliance demands, a worrying 72% of those questioned described their attitude as not at all concerned, or not very concerned about being held personally responsible for non-compliance.
"For CEOs and CFOs the results of this research search should be nothing short of worrying as compliance is widely accepted as critical. Organisations that are unable to ensure compliance are simply acting recklessly. Stakeholders expect senior management to keep their house in order. The US have already seen senior executives being held personably responsible, so it is in their best interest to ensure that they are getting compliance right," commented Ayman Gabarin, VP Compuware IT Governance, EMEA. "Also very interesting is that 1 in 3 survey respondents haven't even started to put an IT governance framework into place. Effective IT management and governance is key to assisting corporations in meeting many of these compliance demands."
The results indicate that the drive for compliance has placed a huge burden on IT departments, which is not only having to ensure that its own house is in order, but also help other departments with their compliance needs; 69% of those surveyed stated that other business functions are also approaching the IT department for help with meeting compliance regulations. The increasing complexity of regulations is becoming a major headache with 75% of respondents stating this is their biggest external barrier to achieving regulatory compliance.
One of the key challenges IT departments face in assisting organisations to achieve compliance is a lack of sophistication in their own management processes. For example 34% are reliant upon paper-based reports and a further 43% rely on face-to-face or conference meetings with managers, meaning that 77% are not effectively tracking efforts toward important projects such as compliance. When asked what the biggest internal barrier organisations face in achieving compliance, one in two organisations (51%) says it is poor coordination between the various functions involved.
"Companies face many obstacles in their bid to be compliant, internal co-ordination and increasing regulatory complexity are just the tip of the iceberg. It comes as no surprise that companies are having such difficulties in navigating these challenges when so many are reliant upon manual methods to keep up-to-date with the status of their IT work," continues Gabarin. "It is worrying that so few companies do not have real-time information about the status of projects given that compliance is meant to be a top business priority. Organisations need tools that can centralise and effectively monitor IT in order to maximise their chances of IT and compliance success."
This research commissioned by Compuware Corporation was undertaken by
an independent research company, called Illuma Research, with 400 CIO's,
CTO's and IT Directors from France, Holland, Germany and the UK.
About Compuware
Compuware Corporation (NASDAQ: CPWR) maximises the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organisation. Founded in 1973, Compuware serves the world's leading IT organisations, including more than 90 per cent of the Fortune 100 companies.
For more information visit: www.compuware.co.uk
Compuware is a registered trademark of Compuware Corporation. All other product and company names are trademarks or registered trademarks of their respective owners.
Compuware is a member of The Prince's Trust Technology Leadership Group (TLG), a premier industry-networking forum for leaders within the IT industry, established in May 2002.
For Compuware Press Inquiries Contact:
Kewal Varia/Sophie Jarvis
Spark Communications
020 7357 8612
kewal@sparkcomms.co.uk
sophie@sparkcomms.co.uk
