Mott wants to reduce the company's IT spending from about 4 percent of its annual revenue (approximately US$87 billion for the fiscal year that ended in October) to about 1.5 percent by the end of the 2008 or 2009 fiscal year. He talked about his plans before several hundred attendees at the Computerworld Premier 100 IT Leaders conference today.

In raw numbers, what Mott wants to do is consolidate 85 data centers down to six, as well as take 85 data marts and build one enterprise data warehouse. HP will also move to standardized configurations in its enterprise and plans to cut the number of internal IT projects it typically has under way from about 1,200 to 500.

Mott was hired just about year ago by HP to reshape its IT after having worked at Dell Inc. as that company's CIO since 2000. He also had more than two decades at Wal-Mart Stores Inc., where he was served CIO for part of that tenure. It seemed clear that Mott's experience at those companies has made him a believer in strong leadership.

"When you have a single company, and a single strategy, I think that you need to drive to one CIO with accountability, with responsibility and a strategy of IT," said Mott. "I think you have to have one IT budget. Until July of this past year, that was not the case at HP ."

Mott said he believes in moving swiftly and is being helped by a 40 percent increase in capital spending at HP, bringing the budget to $2.8 billion in its current fiscal year. Although HP doesn't give exact breakouts on how it spends its capital dollars, a large part is going to IT.