Paul A. Strassman wrote a book about this in 1997. You can read the executive summary here:

http://www.infoeconomics.com/squandered.php

If organizations aren't following Strassman's recommendations for technology implementation, then it's not really that much of a surprise that they're still wasting money. The costs of technology are basically the same today as they were ten years ago, and it's not like human behavior has magically changed.