CIOs Have a Tough Time Driving Business Innovation- Valutrics

While the majority of CIOs and other technology leaders believe they should be leading innovation efforts throughout their organization’s business efforts, relatively few are actually doing this, according to the recent CIO survey from Harvey Nash and KPMG. The resulting report, “CIO Survey 2017: Navigating Uncertainty,” states that few CIOs believe their company has been “very effective” in leveraging technology to advance business goals. The lingering skills shortage plays a significant role here, especially when it comes to hiring qualified big data and business analysts, enterprise architecture professionals and cyber-security specialists. Other factors, however, present greater challenges, as IT projects continue to grow more intricate and ambitious, and the global political, business and economic environments become more unpredictable. To address these shifting dynamics, CIOs must deal with “do more with less” budget realities, while somehow creating more nimble tech platforms. “In order to stay ahead of the unprecedented levels of disruption and change facing today’s CIOs, they have needed to become more strategic and functionally integrated,” said Denis Berry, KPMG principal and U.S. CIO advisory leader. “Today’s technology executives need to understand how business models impact their organizations’ infrastructure—not only from a technology standpoint, but from an economic, social, political and regulatory one as well, especially in order to stay nimble, adapt to an uncertain climate and truly discover where the opportunities are.” Nearly 4,500 global CIOs and other technology leaders took part in the research.