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ARTICLE · 21 JANUARY 2000

Information Technology Takes A Seat On The Board

United KingdomIntellectual Property

However, KPMG Consulting report shows some companies are still hanging back over e-business

A new KPMG Consulting report highlights the growing recognition of the importance of IT - and its role in e-business - in the Boardrooms of the UK's largest companies, but warns that many companies don't know what to do about it. Over three-quarters of the participants claimed IT is already significantly changing the way their organisations operate and is becoming a key part of business strategy. However, they lack confidence in their own organisation's ability to exploit IT and their personal ability to sponsor innovative projects, and don't know where to seek guidance to overcome these barriers. As a result confusion and hesitation reign as the majority stand back, watching their competitors and only investing once someone else has shown the way. KPMG Consulting warns that the accelerating pace of e-business demands that companies take positive action to innovate in IT, with the bystanders

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