Study: IT spending still not turning into profits

06/22/2009 | NYTimes.com

According to The Shift Index, a measurement of Silicon Valley's economic performance assembled by research firm Deloitte, profits related to corporate technology investments have fallen steadily since the 1960s, though the increase in IT spending has helped to more than double labor productivity in that time. According to John Hagel, co-chairman of Deloitte's Center for the Edge, this investment has given corporate America a solid IT foundation, but one that's too heavily weighted toward past business models.

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