Serena release survey results on regulatory compliance in IT

Bangalore, Jul 24 (UNI) Serena Software, a lifecycle management company, today released the results of Asia-Pacific CIO survey conducted to measure the understanding of IT and regulatory compliance.

The survey, conducted for Serena Software by MarketShare, interviewed nearly 350 CIOs from medium and large companies across the APAC region, including 50 from India.

The survey measured the understanding of IT and regulatory compliance, levels of compliance-related implementations, and IT spending directed at compliance-related activities, a company release said here today.

In India, it was revealed that while more than two-thirds (68 per cent) of companies agreed that there were business benefits in implementing compliance initiatives, only 18 per cent of companies had already implemented compliance programmes.

The level of compliance programme implementations in India is lower than the APAC average of 42 per cent, and lags behind leaders Japan (56 per cent) and Singapore (52 per cent). However, future uptake was promising with 46 per cent of India respondents planning to implement compliance programs by the end of 2008.

It was also revealed that most India CIOs (88 per cent) realise the importance of IT in ensuring regulatory compliance but other senior management did not share the same view. Less than half (44 per cent) of India CIOs feel that upper management support the role of IT for compliance.

UNI