Management consulting firm, Reset Group, has released its 2007 benchmarking study into Australian and New Zealand Information Technology business performance.
Global Benchmarking Director, Chris Bishop, said "the results of the study show a much different picture than studies based on European and North American businesses".
"Australianand New Zealand firms face lower salary costs than the northern hemisphere, but this does not relate to better efficiencies.
"A majority of local businesses have a greater number of IT staff to do the same job than their overseas competitors" said Mr Bishop.
"One of the reasons for staff inefficiencies could be the low levels of training undertaken by Australasian businesses. The study also shows that IT expenditure is growing at a slightly faster rate than revenue growth.
"This is consistent with global trends as businesses seek to leverage their existing infrastructure.
"Businesses have also lifted the bar with median firms expecting a 19 per cent Return on Investment for IT projects. There is a large difference between the innovation of dynamic smaller businesses of less than 500 staff and larger businesses."
