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Innovation Thrives as CIOs Choose Collaboration

 
 
By Karen A. Frenkel  |  Posted 04-25-2017
 
 
 
 
 
 
 
 
 
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    Innovation Thrives as CIOs Choose Collaboration
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    Innovation Thrives as CIOs Choose Collaboration

    Innovation is a top priority for CIOs, who are giving up top-down strategic approaches for more collaborative strategies that support innovative efforts.
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    Top-Down Approaches Are Less Popular
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    Top-Down Approaches Are Less Popular

    Only 28% of the CIOs surveyed use a top-down IT strategy—down from 52% two years ago. They increasingly work with internal business units and outside tech experts to satisfy customer needs.
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    Shift to Collaborative Strategies
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    Shift to Collaborative Strategies

    Only 24% of CIOs expect to use a top-down IT strategy during the next 12 months.
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    Why the Shift?
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    Why the Shift?

    CIOs' want to support customers' needs more directly, and 64% said they are focused on resolving their customers' issues.
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    Innovation by Committee
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    Innovation by Committee

    48% of CIOs want to lead innovation, and 43% want to play a collaborative role. 41% of CIOs currently use collaborative strategies, compared to only 30% two years ago.
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    Decentralization Grows in Popularity
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    Decentralization Grows in Popularity

    43% of respondents said their IT operations are decentralized and 35% said they are centralized. 18% run corporate IT through a business function, like security or networking.
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    Who's the Go-To Tech Partner?
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    Who's the Go-To Tech Partner?

    55% of the IT chiefs rely on global management consultants for innovation, 45% use global technology consultants and in-house tech units, and 41% use regional IT partners.
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    Approaches to Securing Assets
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    Approaches to Securing Assets

    More than 50% of the CIOs surveyed actively manage data security threats, and this is expected to continue. The weakest link? Mobile employees.
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    The Biggest Threats to Company Data
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    The Biggest Threats to Company Data

    Employees' failure to follow industry regulations: 21%, Company legislative compliance failures: 18%, Data and apps that reside with third parties: 15%
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    Benefits From Cloud Storage
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    Benefits From Cloud Storage

    92% of respondents think cloud storage is essential for saving money, boosting responsiveness, increasing efficiency, standardizing cloud storage, assessing different data assets or complying with regulations.
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    Perceived Risks in Cloud-Based Data and Apps
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    Perceived Risks in Cloud-Based Data and Apps

    33% of organizations keep low-risk assets in the cloud, but 29% keep higher-risk data on-premises. Only 11% keep most or all of their data assets in the cloud, and 25% refuse to put any apps and data in the cloud.
 

A new survey says that technological innovation is crucial to modern enterprises' ability to solve business challenges, pursue innovation and drive higher revenues. Almost half of CIOs must follow the board's vision, but one-third said they have "wide scope to pursue innovations, whether they receive a free hand on IT or the directors' backing for their work colleagues' new ideas," the report said. The research was conducted by Sapio Research for Teneo, a specialist technology integrator. Teneo's CTO Marc Sollars said, "CIOs know that old-style board-driven or in-house innovation models won't satisfy customers who are already working closely with them in extended supply chains or federated business models, giving them far more clout than before." IT leaders are taking more sophisticated approaches to make innovation happen on a worldwide scale. To do so, Sollars said, CIOs must either set up new types of collaborations as they execute across multiple time zones and hundreds of locations, or cede specific areas to outside experts if their in-house teams lack the necessary skills. The reasons CIOs are ceding sole control of innovation strategy are complex global operations and extended supply chains. Sapio Research surveyed 400 global enterprises, half in the United States and half in the United Kingdom.

 
 
 
 
 
Karen A. Frenkel writes about technology and innovation and lives in New York City.

 
 
 
 
 
 

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