Projects are typically funded through capital spending (i.e., factories, equipment, and major projects), and expenditures are capitalized when payback is expected to take years, of which 50% is now technology related. This is even true in “low tech” industry verticals with the lowest historical spending on technology, such as energy, metal, resource extraction, automotive, and construction. In other words, business leaders are far more reliant upon the effective management of IT in order to achieve their goals than they think.**
