value insights

How CIOs Wield Influence in a C-Suite- Valutrics

The change of CIOs and other IT care execs is flourishing within a infancy of midmarket companies, according to a new consult from Deloitte. The concomitant report, patrician “Technology in a Midmarket: Taking Ownership,” indicates that this change is rising during a time when these businesses are increasingly observation tech investment as a vital value-builder. They’re posterior cloud initiatives, for example, to boost a efficacy of accounting, craving apparatus formulation and patron attribute government efforts. In addition, many are posterior predictive analytics to boost rival edge. To safeguard they can enhance investment into these and other IT areas in a secure manner, CIOs and other tech leaders are convincing a C-suite and other executive leaders to muster information encryption some-more than ever. These companies “are increasingly realizing value by early investments in a cloud, social, mobile and information analytics,” according to a report. “After regulating such solutions to leapfrog bigger competitors and compute their customers’ experience, IT leaders now have larger permit to deposit in other technologies and achieve some-more change in environment a record agenda. (They’ve gained) larger poke in a C-suite. Compared to only a year ago, IT leaders — including CTOs, CIOs and IT dialect leaders — now have significantly some-more change than their bosses in a executive apartment when it comes to a adoption of new and rising innovations.” An estimated 500 C-suite execs and managers during midmarket companies took partial in a research.

Rising Influence

53% of survey respondents said IT leadership drives the adoption of new tech, up from 49% who said IT leadership did this in 2015.

Output Drivers

39% said cloud infrastructure initiatives are most likely to generate productivity gains, while 38% cited analytics and 37% indicated that big data efforts would do so.

Broad Adoption, Part I

57% are using the cloud to benefit financial/accounting needs, and 34% are using it for enterprise resource planning while 33% are turning to the cloud for customer relationship management functions.

Forward Spin

25% describe their adoption of predictive analytics as “mature,” and another 19% said they’re “investigating” the use of these solutions.

Biggest Barriers for Predictive Analytics Adoption

Data quality issues: 24%, Availability of skilled internal resources: 23%, Understanding what to measure – and how: 22%

Top Sources of Data Privacy/Security Risk

Phishing scams: 49%, Employee-introduced risk: 47%, Cloud migration: 42%, Integration with external systems: 40%, Internal access controls: 35%

New Reality

88% of survey respondents said their company is using some form of virtual tech or augmented reality in their operations.