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Technology: CIOs are Being Pressured By Shrinking Budgets and New Responsibilities
CIOs are being squeezed by the five consecutive year of flat budgets and increasing pressure to deliver new and innovative technology. As we move into 2013, Gartner expects IT budgets to be down .5 percent for the year. A report from Gartner finds that, on average, enterprises are only able to realize 43 percent of their business potential in technology.
Mark McDonald, group vice president and Gartner fellow, said that “Digital technologies provide a platform to achieve results, but only if CIOs adopt new roles and behaviors to find digital value. CIOs require a new agenda that incorporates hunting for new digital innovations and opportunities, and harvesting value from products, services and operations… In a world of change, it is concerning that around half of CIOs surveyed do not see IT’s enterprise role changing over the next three years.” Many CIOs are focusing on simply trying to “keep the lights on.”
Karen Scott Davie, director at the CIO Executive Council said that “It is a greater risk to stand still and continue using existing technology and products. It is less risky for an organisation to be seen to be willing to challenge themselves and innovate even if they need to pivot the ideas and products during the innovation process.”
The technologies which CIOs see as those which will transform enterprises over the coming ten years are as follows:
- Mobile – 70 percent
- Business Intelligence and Analytics – 55 percent
- Social Media – 54 percent
- Public Cloud – 51 percent
Other technologies followed closely by CIOs include collaboration technologies, legacy modernization, IT management, CRM, virtualization, security and ERP applications.
The Gartner report also found that more CIOs are finding “themselves leading in areas outside of traditional IT,” with almost one fifth now acting as the company’s chief digital officers (CDO). Gartner says that 77 percent of today’s CIOs “have significant leadership responsibilities outside of IT.”
