The evaluation of IT and its business value have been the subject of many academic and business discussions, as business managers, management consultants and researchers regularly question whether and how the contribution of IT to business performance can be evaluated effectively. Investments in IT are growing and business managers worry about the fact that the benefits of IT investment might not be as high as expected. This phenomenon is often called the IT investment paradox or the IT Black Hole: large sums are invested in IT that seem to be swallowed by a large black hole without rendering many returns.
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Wim Van Grembergen is a full professor at the Economics and Management Faculty of the University of Antwerp (UA) and executive professor at the Antwerp Management School (AMS). He teaches information systems at master and executive level, and researches in IT governance, IT strategy, IT performance management and the IT balanced scorecard. Within his IT Alignment and Governance (ITAG) Research Institute (www.uams.be/itag) he conducts research for ISACA/ITGI on IT governance and supports the continuous development of COBIT and VAL IT. Currently he is evolved in the development of COBIT 5. Dr. Van Grembergen is a frequent speaker at academic and professional meetings and conferences and has served in a consulting capacity to a number of firms. He has several publications in leading academic journals and published books on IT governance and the IT balanced scorecard. His most recent book Enterprise Governance of IT. Achieving strategic alignment and value is published in 2009 (Springer, New York).
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