Baseline provide the top 30 trends for 07, conveniently categorised under:

1. Strategy,
2. Management,
3. Security, and
4. Technology

(Courtesy of James at EDM)

When it comes to IT, change may very well be the only thing CIOs can depend on in 2007. That’s what the editors at CIO Insight found when we took each of the 13 surveys we conducted in 2006 and put them under the microscope to project next year’s 30 major trends.

Source: The 30 Most Important IT Trends for 2007

The general theme here is something of a Simpsons ‘Duh!’ but at least the message is now becoming understood. Technology cannot live in a vacuum, any more than business can merely through requirements over the wall, and expect that to work.

I see a combination here of organisational change being required, with institution of a CIO office to ensure the implementation activities to manage these trends, along with new competencies required within the technology group.

This one is a keeper, and I may use this more going forward.

Strategy:

The key drivers are financial, compliance, and pace. Compliance is the net new one of late, but the three combined require a team approach and mutual goals.

Management:

The theme here is closer organisation, and management reporting relationships, and outsourcing particularly to offshore.

Security:

Here the focus is on IT security threats, Windows security, and Government regulation.

Technology:

Here the focus is IT strategy, including web services, data integration, SOA, and new concepts such as software as a service. It covers CRM, and newer concepts, such as Web 2.0, BPM and information management.

Its detailed but worth the read.

Here are the full 30 trends:

Strategy
1. Process improvement will be job No. 1
2. IT works on closing the sale
3. Companies make their Web sites more engaging
4. Customer service gets a tune-up
5. Companies put their mounds of data to work
6. Information governance gains momentum
7. CIOs strive to be strategic

Management
8. The division between IT and business will diminish
9. CIO compensation keeps climbing
10. IT organizations will keep growing
11. CIOs struggle to find business-savvy technologists
12. Outsourcing changes IT management
13. Outsourcing growth slows
14. Offshoring shifts from India
15. Companies invest in IT leadership
16. Demonstrating ROI will remain a struggle

Security and Risk
17. No abatement of IT security threats
18. Security concerns turn users away from Windows
19. Security morphs into risk management
20. Compliance achieves what government intended
21. Compliance spurs financial process improvement

Technology
22. The move to a new architecture marches on
23. Enterprise applications start losing their luster
24. Data quality demands attention
25. IT reluctantly embraces Web 2.0
26. IT innovation loses traction
27. Business process management services and software will frustrate users
28. For business intelligence, the best is yet to come
29. IT organizations start going green
30. Dissatisfaction with vendors is on the rise

Relevance to Bankwatch:

Time to review the organisation, and seek a way to make technology and business equal partners. Ideally there should be complete integration between the technology and business groups at the higher levels, and close integration at the more junior levels.

More to come on this.

Technorati tags: CIO, SOA, organisation