ACORD-LOMA Survey Results

How would you describe the relationship between IT and the business groups in your firm?Excellent 14%

Processing Content

Very good 1

Good 38

Not good 12

Poor 5

Which area gets the most investment dollars?

Enterprise architecture 20%

Regulatory compliance 9

Policy systems 46

Distribution systems 15

Other 10

Describe the current level of demand for data transparency in your firm:

High 19%

23

Moderate 33

16

Low 9

In your current budget, is IT spending up or down?

Up 54%

Same 29

Down 17

Has your budget process become more collaborative?

Yes 64%

No 36

Does your company have a three-to-five year business plan for prioritizing IT investments?

Yes 50%

No 50

Does it have a one-to-three plan?

Yes 76%

No 24

Are IT investments part of a portfolio management approach?

Yes 45%

No 55

Have compliance issues, such as Sarbanes-Oxley, affected your work?

Yes 58%

No 42

Are you seeing a stronger role for planning architecture compliance groups in the future?

Yes 72%

No 28

Where is the most innovation taking place?

Front office 74%

Back office 26

Have you improved internal controls as a result of a demand for transparency?

Yes 71%

No 11

Don't know 18

What is the level of confidence that your firm can align IT and business for differentiation and growth?

Very confident 36%

Moderately confident 49

Not very confident 15

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