How Torchbearer CIOs Illuminate Opportunities
How Torchbearer CIOs Illuminate Opportunities
The difference between torchbearer and market follower CIOs comes down to understanding the business and its customers—and providing ways to meet their needs.
Outside-In
50% of global CIOs are preparing for an influx of new entrants/competitors from other industries, up from 42% who were doing so in 2013.
Top Strategic Priorities for CIOs
Insight/intelligence: 85%, Front office digitization: 83%, Skills development: 80%, Internal collaboration: 73%, Enterprise integration/optimization: 73%
Biggest Trends Transforming Business
Industry convergence: 63%, Rising cyber-risk: 56%, The “anywhere” workplace: 55%
Biggest Technologies Transforming Business
Mobile solutions: 71%, Cloud computing and services: 66%, Internet of things (IoT): 61%, Cognitive computing: 40%, Advanced manufacturing tech: 21%
Risky Business
76% of CIOs feel that potential shortcomings in IT security is creating immense business risks, while 38% cite the possibility of regulatory compliance violations.
Pole Position
90% of “Torchbearer” CIOs are focused on reaching the market first through agile innovation, compared to just 36% of “Market Follower” CIOs who are determined to do this.
Intelligence System
75% of Torchbearer CIOs use analytics to produce business insights, but only 39% of Market Follower CIOs can claim the same.
Consumer Research
75% of Torchbearer CIOs are identifying new customer segments, while just 44% of Market Follower CIOs are doing so.
Building Bridges
70% of Torchbearer CIOs acknowledge they must form partnerships to exploit emerging tech, as opposed to only 56% of Market Follower CIOs who do.
Skills of the Future
91% of Torchbearer CIOs are increasing their investment into developing IT skills required for the future, but just 77% of Market Follower CIOs are doing the same.
