IBM users expect compliance with the Sarbanes-Oxley rules governing U.S. public companies to prove to be the least effective or the most wasteful use of their IT resources, according to the results of an online poll of Share members released late Monday.

Share, the oldest independent IBM user group, which is celebrating its 50th birthday this month, polled individuals between Aug. 4 and 15, who were preregistering for its Boston conference. The organization received 444 responses to a short online survey containing five questions. The conference is taking place in Boston through Friday Aug. 26.

One of the survey's questions asked respondents to imagine themselves being transported to 2015 and then looking back at 2005 and what they thought in retrospect would prove to be either an ineffective or wasteful use of their IT time. Twenty-eight percent of those polled cited Sarbanes-Oxley compliance, followed by deployment of unproven technologies (23%), purchase of unneeded technologies (19%), and continuing support for outdated technologies (17%). The fifth-rated bugbear cited by 10% of respondents was external consultants, with software upgrades only distressing one percent of those polled.

Robert Rosen, the current president of Share, wasn't surprised that Sarbanes-Oxley is proving to be a major headache. "It's occupying a lot of people's time and they can't figure out what the return on investment is there," he said.

Rosen is hearing that some smaller firms are talking to their venture capitalists and looking to return their businesses to private operations specifically because they can't afford to comply with the Sarbannes-Oxley rules. "It's the law of unintended consequences," he said.

Information security is the dominant emerging trend most likely to impact business computing over the next five years, according to 31% of those answering the Share survey. Two other significant trends cited by respondents are the shortage of qualified enterprise-class IT professionals (17%) and the outsourcing or offshoring of application development and maintenance (14%).

Not surprisingly, the one technological innovation respondents rate as having had the most significant impact on business computing over the past 50 years is the Internet, followed by PCs, IBM's System/360 (S/360) mainframe which debuted in 1964, and the World Wide Web.

The IDG News Service is a Network World affiliate.