44% of global CIOs are seeing budget increases this year, compared to just 28% who reported the same in 2010.
CIOs are finally seeing their budgets increase, and they're more focused on revenue-generating projects rather than finding ways to pinch pennies, according to a recent report from the Harvey Nash Group and TelecityGroup. The "CIO Survey 2012," shows that the modern CIO continues to become a more important part of an organization's strategic mission. And the drive toward innovation continues to be a major part of their mission. "Without doubt, it is a challenging and fast-moving time to be a CIO," says Michael Tobin, CEO at TelecityGroup. "The IT department has undergone more radical change in the last decade than perhaps any other business function. The recession has forced many IT departments to become leaner. But now, as CEOs and CIOs alike pursue growth, the challenge will be to stay both lean, but appropriately resourced." An estimated 2,400 CIOs and top technology leaders in 20 nations took part in the research.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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