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Compliance Top IT Challenge: Global Research

  • 04 May, 2005 13:50

<p>Today, Mercury Interactive Corporation (NASDAQ: MERQ), the global leader in business technology optimization (BTO), announced results from a new survey and report produced in cooperation with the Economist Intelligence Unit. The report “Sustainable Compliance: Industry Regulation and the Role of IT Governance” is based on a global survey of more than 800 IT executives from 22 countries throughout the United States, Asia-Pacific (APAC), Europe, and the Middle East (EMEA), including 50 senior level respondents in Australia.</p>
<p>The report details how compliance will place a heavy and ongoing burden on IT operations. For large companies in the survey (over US$8 billion), compliance ranks as a leading strategic IT priority. Key findings include:
• Implementing regulatory compliance programs was cited as one of the biggest current challenges facing IT by over 80 percent of the largest companies in the APAC region, 74 percent of U.S. companies, and 45 percent of the largest EMEA companies.
• Compliance priorities for IT executives vary from industry to industry and country to country with 68 percent of U.S. respondents stating that Sarbanes-Oxley would have a major impact on their IT operations, and with 62 percent of Australia’s respondents responding that Data Privacy has the highest impact.</p>
<p>The report also states that IT executives expect benefits from the completion of compliance initiatives. According to the survey, financial reporting, IT Governance, and business process improvements stood out as significant benefits of compliance. Key findings include:
• In all three regions of the world, better financial reporting was considered the leading benefit, with 54 percent of U.S. respondents, 60 percent of EMEA respondents, and 66 percent of APAC respondents believing that more accurate financial reporting would emerge from company-wide compliance initiatives.
• The report notes that IT Governance ranked in the top three expected benefits from compliance for each region of the world, and Australian respondents were especially bullish with 64 percent saying IT governance will improve when compliance initiatives are completed
• Those surveyed responded that they expect IT Governance to deliver business value -- 60 percent of survey respondents in the United States rate better IT governance as a key driver for business value with 48 percent of EMEA respondents and 41 percent of APAC respondents stating the same.</p>
<p>“A flood of business regulations are forcing global IT managers to seek new strategies that minimize the burden and maximize the benefits of addressing regulatory compliance,” said Gareth Lofthouse, European director for executive services at the Economist Intelligence Unit. “This report argues that long-term planning and strong IT Governance will be key to this endeavor.”</p>
<p>“The survey results show that compliance mandates are impacting IT worldwide,” said Graham Sowden, Managing Director of Mercury in Australia. “Compliance mandates require changes in business processes, which in turn require changes to business-critical applications. Companies are implementing IT Governance strategies and software to establish a sustainable approach to making these changes and lowering the cost and risk to the business.”</p>
<p>The report also includes insight from industry experts including Dr. Peter Weill, director of the Center for Information Systems Research at the Massachusetts Institute of Technology (MIT). The Economist Intelligence Unit report, “Sustainable Compliance: Industry Regulation and the Role of IT Governance” is available at www.mercury.com/eiu-itg-report.</p>
<p>ABOUT THE ECONOMIST INTELLIGENCE UNIT
The Economist Intelligence Unit is a division of the Economist Group. Sister companies include The Economist newspaper, CFO magazine, and an array of other specialist publications. The Economist Intelligence Unit has been providing information and advisory services to the global business community for more than 50 years through many channels, including print publications, electronic media, and conferences and client meetings organized under The Economist Conferences brand.</p>
<p>ABOUT MERCURY
Mercury Interactive Corporation (NASDAQ: MERQ), the global leader in business technology optimization (BTO), is committed to helping customers optimize the business value of information technology. Founded in 1989, Mercury conducts business worldwide and is one of the fastest growing enterprise software companies today. Mercury provides software and services for IT Governance, Application Delivery, and Application Management. Customers worldwide rely on Mercury offerings to govern the priorities, processes and people of IT and test and manage the quality and performance of business-critical applications. Mercury BTO offerings are complemented by technologies and services from global business partners. For more information, please visit www.mercury.com.</p>
<p>BUSINESS TECHNOLOGY OPTIMIZATION
Business technology optimization (BTO) is a rapidly growing category in the IT industry. Companies use the principles and practices of BTO to automate and optimize IT itself. BTO is about ensuring that every dollar invested in IT, every resource allocated, and every application in development or in production is fully aligned towards meeting the goals of the business. In other words, BTO is about making sure IT is delivering the most value possible to the business.</p>
<p>For further information please contact:
Gabrielle Cichero Mercury 02 8273 1905
Shuna Boyd BoydPR 02 9418 8100</p>

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