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  5. Fujitsu Research Shows Nearly Two Thirds of Irish CIOs and IT Decision Makers Expect Budgets to Increase Within Three Years

Fujitsu Research Shows Nearly Two Thirds of Irish CIOs and IT Decision Makers Expect Budgets to Increase Within Three Years

Fujitsu UK & Ireland

  • Security is the overriding concern with cloud computing not enabling change
  • There is a lack of clarification of the role of the CIO
  • Mobile is not a priority for Irish financial services IT industry however most believe it provides a competitive position
Dublin, July 10, 2014

Research from global ICT solutions provider Fujitsu has revealed that nearly two thirds (63%) of leading Irish financial services CIOs and IT decision makers expect their budgets will increase within three years. Possible factors for the increase in expenditure include improved market conditions, expansion and the replacement of existing infrastructure.

The research, which included areas of financial services such as retail banking, investment banking and insurance also listed security as the overriding concern of CIOs and IT decision makers with 67% of those asked identifying it as the reason why cloud computing is not an enabler for change in their organisation.

The findings were announced at the Fujitsu World Tour, a worldwide showcase of all the latest trends in technology and hardware, which arrived in Ireland for the first time this year at the Convention Centre Dublin. The event featured breakout sessions from global industry leaders on areas such as the commercialisation of research and big data, as well as the latest in innovative technology including waterproof and dustproof tablets, holograms and palm-secure technology.

The findings of the research also pointed to the differing levels of importance placed on the role of the CIO and IT decision maker with over one third (37%) stating they are the lead decision makers within their organisations however only 10% described themselves as a key influencer in IT solutions.

Commenting on the Fujitsu Financial Services research, John Bruton, President of the International Financial Services Centre Ireland and former Taoiseach, said: “I’m delighted to welcome the Fujitsu World Tour to Ireland and the IFSC Dublin. ICT is a fundamental component of the financial services industry and with over 500 financial services firms here in the IFSC, the work of companies such as Fujitsu Ireland is playing an ever increasing role within the sector. Ireland has become a global leader for the IT industry and events such as the World Tour are very important in bringing together global thought leaders and further showcasing Ireland as a place to do business.”

Speaking at the event, Regina Moran, CEO, Fujitsu Ireland said: “As an ICT solutions provider, Fujitsu works with CIOs and organisations to navigate the complexities of the modern business landscape and our Financial Services Research findings reflect the importance of this guidance. The research reflects both the optimism and concerns of CIOs whose function and role within Irish business is evolving. With concerns such as security and the role of the cloud an ongoing issue, it’s important that companies and their CIOs are supported to achieve a return on investment.”

Other notable data from the research shows that mobile solutions are not a priority for Irish CIOs and IT decision makers however, 60% believe that being involved in mobile offerings provides a better competitive position. Security was again highlighted as an issue as 37% of participants believed it was a barrier to deploying a successful mobile offering.

Fujitsu Financial Services Research

Fujitsu and Harvard PR commissioned Coleman Parkes Research to conduct this study in March/April 2014 across the UK & Ireland as a repeat of the study which was conducted in the UK in 2012. In 2014 the study was extended to further understand the market but also enabled comparisons and contrasts to 2012. Interviews with CIOs, IT Directors and/or Heads of IT, Heads of IT Strategy, CTOs and other members of the IT function, all with involvement in IT solutions and purchases, were conducted by telephone with companies in the UK and Ireland.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see: http://www.fujitsu.com

About Fujitsu Ireland Ltd

Fujitsu is the world’s third-largest IT solutions provider and among the top five IT solutions provider in Ireland. Employing 350 staff in Ireland, Fujitsu defines, designs, builds and operates innovative IT solutions, products and services, helping our customers to realise the benefits of the connected economy. In Ireland we offer a full portfolio of IT products, solutions and services. We concentrate on our core strengths, delivering customer focused IT applications, infrastructure development and management and outsourcing across end user, networking and data centre environments. These are supported by a full range of related services, from management and technology consulting, through to integration and deployment.

We work with our customers to identify potential opportunities for technological change such as virtualisation in their industry. We then develop and deliver on an action plan to capitalise on these to their commercial advantage. Led by CEO, Regina Moran, the company attributes its success to its Japanese heritage of Lean computing and a methodology based on the concept of continuous service improvement combined with a focus on good technology.

Fujitsu’s existing customer base includes some of the leading organisations in the public and private sectors in Ireland including Fujitsu’s existing customer base includes the leading organisations in the public and private sector in Ireland, including Telefónica Ireland Ltd, Irish Courts Service, Office of the Revenue Commissioners, Office of the Houses of the Oireachtas, Department of Transport, SSE Renewables Holdings Ltd, Dublin City Council, Bord Gais - Networks (and Irish Water), TEAGASC, Electricity Supply Board, Susquehanna, Topaz Energy Limited, Road Safety Authority, IADT, Department of Defence (including Defence Forces Ireland), Doosan Trading Ltd, Dalkia, Department of Social Protection, University College Dublin, Ordnance Survey Ireland, New Ireland Assurance Plc, Department of Enterprise Trade and Employment, Health Protection Surveillance Centre, Irish Blood Transfusion Service, KBC Bank Ireland Plc, Bord na Mona.

Edel Bach

Phone: Phone: +353 (0) 86 045 3821
E-mail: E-mail: edel.bach@humebrophy.com
Company:Hume Brophy

Oisin O’Callaghan

Phone: Phone: +353 (0) 86 012 1601
E-mail: E-mail: oisin.ocallaghan@humebrophy.com
Company:Hume Brophy

David Kinch

Mobile: Mobile: +353 (0) 86 232 2439
E-mail: E-mail: david.kinch@humebrophy.com
Company:Hume Brophy
PR representative for Fujitsu (Ireland)

Date: 10 July, 2014
City: Dublin
Company: Fujitsu Ireland