British business is failing to reap the rewards of IT Innovation according to the UK CIOs surveyed by the National Computing Centre forum, CIO Connect.

Too many boardrooms are still in the dark over IT’s role in business transformation and managers are failing to turn IT advantage into measurable benefits the research found.

More than 80% of CIOs surveyed said that IT projects were under increasing financial scrutiny, yet a third maintained that business benefits were not being monitored by management once projects had gone live.

Business managers are failing in their responsibilities to record and report IT project returns back to the boardroom, say 76% of the UK’s top CIOs. And to compound the problem, failing projects are left to run on far too long, with 91% of CIOs suggesting corrective management action is not taken quickly enough – wasting valuable time and money.

And with the majority of CIOs (66%) believing their Board is predominantly tactical in its attitude to managing information systems, rather than strategic, these business failures are leading to continuing Boardroom communication challenges.

These findings of the CIO Connect Census 2007 have led to calls from the research authors for closer cooperation between the boardroom and IT leaders to unlock the potential of British business.

“These findings suggest that a gulf still exists between expressed and real commitment from the Board and senior business managers when it comes to promoting and pushing through important IT changes,” said Nick Kirkland, CIO Connect managing director.

“There is a requirement from business leaders to innovate for commercial success and there is a real desire from CIOs to use IT to help make this transformation. The challenge is getting CEOs and CIOs talking the same language, about the same business challenges, earlier enough in the process to allow IT to make a difference. Addressing this challenge is at the heart of CIO Connect’s agenda for 2007.”