Why CIOs Struggle to Drive Business Innovation
Why CIOs Struggle to Drive Business Innovation
CIOs and other technology leaders acknowledge that they could be doing more to connect tech innovation to business needs. Find out what’s holding them back.
Delivery Gap
60% of the CIOs and tech leaders surveyed said CIOs should be leading innovation throughout their organization’s business initiatives to best promote innovation, but only 26% said CIOs are currently doing this.
Untapped Assets
Just 18% said their organization has been “very effective” in leveraging digital technologies to advance business strategies.
Top IT Business-Focused Goals
Deliver consistent, stable IT performance to business: 63%,
Increase operational efficiencies: 62%,
Improve business processes: 59%,
Decrease costs: 54%,
Develop innovative new products and services: 51%
Short-Staffed
Only 25% of the CIOs and other tech leaders surveyed said their company has hired a chief digital officer (CDO).
Daunting Task
61% said IT projects have grown more complex over the last five years, and 58% said they’ve become more ambitious.
Staff-Strapped
62% of the CIOs and other tech leaders surveyed said they’re dealing with a skills shortage—up from 45% who said this in 2013.
Top Tech Skills in Short Supply
Big data and analytics: 42%,
Enterprise architecture: 34%,
Business Analytics: 34%,
Tech architecture: 32%,
Security and resilience: 28%
Strategic Shift
64% of the CIOs and other tech leaders surveyed said they are adapting tech plans as the global political, business and economic environments become more unpredictable.
How CIOs Adapt to Unpredictability
Create more nimble tech platforms: 52%,
Find ways to work within restricted budgets: 49%,
Invest more in cyber-security: 45%,
Work with trusted partners: 39%,
Reduce longer-term planning (3 or more years): 26%
Pressing Topics
63% of the leaders surveyed said they discussed an IT strategy update during their most recent board meeting, and 45% talked about a major tech investment.
Compensation Plan
33% of the CIOs and other tech leaders surveyed have seen their base salary increase over the past year.
