Microsoft Corp., Cisco Systems Inc. and other computer companies plan to award the
Massachusetts Institute of Technology $4.5 million to identify
the best way of implementing information technology projects, the
Financial Times reported, citing a Microsoft executive.
The funding will come from the Information Work Productivity
Council, whose founders also include Accenture Ltd., BT Group
Plc, Hewlett-Packard Co., Intel Corp., SAP AG and Xerox Corp.,
the FT said. The money will be given to MIT’s Sloan School of
Management over three years, the newspaper said.
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“There has been an absence of data and an inability to
quantify the return” on investment of IT spending, said Jeff
Raikes, head of Microsoft’s client division, according to the
newspaper. IT spending in the U.S. fell for the first time in
2001 and again last year, the FT said.
International Business Machines Corp. may soon join the
council, according to the newspaper.
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