48 percent of CIOs identify business continuity as one of their top five priorities

IT functions are responding to the current volatile markets and uncertain economic outlook by focusing on establishing lean and agile IT that can quickly respond to business demands. A two-pronged approach of cautious spending coupled with focus on innovation to support revenue enhancing abilities of IT has emerged as per the Ernst & Young and CIO KLUB 4th Annual Survey The Enterprise IT Investment Trends Survey 2012.