A global annual survey of Chief Information Officers (CIOs) by Lenovo reveals that despite economic headwinds and IT budget challenges, the world’s CIOs are optimistic about the capacity of technology to deliver value to their organizations. Know more:
found that CIOs are also more likely to prioritize innovation in new technologies over optimizing their current tech stack. The stakes are high, with 60% of CIOs reporting that a freeze in investment to innovation would impact their business at once or within weeks across business automation, business model transformation, data analytics and environment, social, and governance initiatives. Adding to this, 33% of CIOs do not feel their organization is sufficiently resilient.
According to Michael Ngan, Country General Manager of Lenovo Philippines, the role of the CIO has become extremely demanding. “As the technology landscape becomes more complex, it becomes increasingly challenging for CIOs to implement digital transformation across the organization and prioritize initiatives and investments that yield positive business results,” he shared.” offerings for their tech stacks.
The vast majority of CIOs are considering adding new aaS solutions to their tech stacks over the next two years. This is on the back of 71% of CIOs who said between 11% and 50% of their IT is currently delivered on an aaS basis. Software aaS, infrastructure aaS and device aaS are cited by more than half of CIOs as being much or somewhat more used than in the previous year.The analysis revealed two important priorities.
AI/ML has quickly become an urgent priority for CIOs as they strive to stay up to date with the rapid pace of technological progress. No less than 43% feel “urgent pressure” to address AI/ML as a priority, only slightly behind cybersecurity . As many as three in five IT leaders also have experienced pressure to further optimize their companies’ operations.
Talent-related responsibilities including recruitment and retention , managing a remote workforce , managing global teams , and diversity, equity, and inclusion remain significant challenges for CIOs as they expand their role to digitize operations across departments.
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