CIOs Must Prepare for New Era of IT

 
 
By Dennis McCafferty  |  Posted 09-27-2013 Email Print this article Print
 
 
 
 
 
 
 
 

Even if you've been a CIO for only a year, you may think that you've already seen a vast amount of shifts within the technology landscape. However, you'll need to prepare for even more for the immediate—and indefinite—future, according to a recent survey from A.T. Kearney. Forecasting into the year 2020, the research reveals that tech tools designed to maximize the value of customer connectivity and interactions will emerge as a top priority, driving up IT spending. These tools include ones devoted to personalized marketing campaigns, data analytics and online-ordering systems. At same time, overall tech requirements will increase, as well as the pressure to complete projects faster. Given this, CIOs will turn to more simplified IT architecture to manage it all, through greater standardization of software. They'll continue to find new ways to outsource IT functions. In addition, the A.T. Kearney findings shed light on an anticipated development that may come as a pleasant surprise: More companies are expected to add CIOs to the ranks of board of director membership. More than 150 CIOs participated in the research. For more about the survey, click here

 
 
 
  • Rising Demand

    85% of CIOs are seeing IT requirements increase significantly, with more support needed for apps that enable multiple channels, including mobile.
    1-Rising Demand
  • On the Clock

    Nearly 75% say time pressure for implementing IT projects is increasing as time-to-market emerges as a key performance indicator.
    2-On the Clock
  • Consumer Tools

    Two-thirds of companies plan to invest more in IT over the next seven years, especially for
    3-Consumer Tools
  • Influential Voice

    45% of companies expect to have a CIO on the board of directors by 2020.
    4-Influential Voice
  • Top Industries for Future CIO Board Membership

    Telco, high tech and media: 51%, Financial institutions: 50%, Automotive, machinery, defense: 47%, Consumer and retail: 44%
    5-Top Industries for Future CIO Board Membership
  • Universal Fit

    Nearly 80% of CIOs expect standard software to cover more than one-half of required functionality, reducing their dependence upon custom products.
    6-Universal Fit
  • Expected Growth of IT Outsourcing by Industry by 2020

    Consumer and retail: 18%, Utilities: 17%, Automotive, machinery, defense: 16%, Finance: 15%, Telco, high tech and media: 15%
    7-Expected Growth of IT Outsourcing by Industry by 2020
  • Best Practices for CIOs in the New Age: Drive Digital Business

    Act as a company manager, not a tech guru. Balance sophisticated solutions for core processes with standardized packages for commodities.
    8-Best Practices for CIOs in the New Age: Drive Digital Business
  • Best Practices for CIOs in the New Age: Simplify Business and Optimize IT Architecture

    Reduce the number of apps, but increase the share of value-driving functions.
    9-Best Practices for CIOs in the New Age: Simplify Business and Optimize IT Architecture
  • Best Practices for CIOs in the New Age: Redefine Cost-Effective IT Delivery

    Consider agility as a key component of IT value, as opposed to cost alone.
    10-Best Practices for CIOs in the New Age: Redefine Cost-Effective IT Delivery
 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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