CIOs Face Internal Hurdles in Innovation Efforts

By Dennis McCafferty  |  Posted 04-29-2014 Email

While overall interest in tech innovation remains high within today's organizations, CIOs are confronting formidable internal hurdles to move their companies forward, according to a recent survey from Trace3. In fact, while nearly one-half agree that the overall goal of IT is to provide a framework to support innovation and drive revenue, just 10 percent say their tech teams are kept "well updated" on initiatives and rollout schedules. It doesn't help that a clear majority of tech leaders describe their companies as "reactive" or even "passive" on tech innovation, with many citing an overall lack of managerial support. "Companies today have an unprecedented opportunity to embrace technology in a way that drives top-line growth and contributes to their competitive differentiation and market expansion," says Josh Berezin, president of Trace3, an IT systems integration firm. "However, most have only scratched the surface in their ability to leverage the latest, most cutting-edge technologies in a way that moves the business forward. The role of IT is rapidly moving up the value chain within organizations and has evolved far beyond process efficiency. But companies still face serious challenges from a people and process standpoint in their ability to fully embrace and utilize the latest technology innovations." More than 100 CIOs, tech execs as well as business-side execs participated in the research. For more about the survey, click here

Dennis McCafferty is a freelance writer for Baseline Magazine.


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