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IT investment top priority for board directors

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According to recent research conducted by Gartner and Forbes, roughly half of the board of directors that participated in the survey said IT is the highest priority for investment in 2012.

The second annual Gartner-Forbes 2012 Board of Directors Survey, which gauged the board directors' thoughts on key business issues, found 86 percent of respondents believe the IT sector will play a larger role in strategic contribution over the next two years.

"Board directors clearly have a top priority to invest in IT and leverage IT for competitive advantage," said Jorge Lopez, vice president and analyst at Gartner. "These forward-looking and proactive attitudes are being made although more than half of the survey respondents replied that they are preparing for a market recession."

The survey also found the top priorities to board directors are attracting new customers, catering to current customers, rededicating to core competencies, keeping a competitive advantage and being more innovative, respectively.

Board directors are constantly looking for ways to improve their business, but some business investments can go wrong. With business insurance policies in place, they may be able to protect themselves from some poor financial choices.

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