Those responsible for information and technology companies consider innovation and growth as a priority but investment remains limited, concludes a study “2015 Global CIO Survey: Creating legacy,” Deloitte, about what they think the ‘Chief Information Officers “(CIO) on innovation.
The study concluded that only 15% of CIOs participating in the survey are investing significantly in emerging technologies and to assign only 16% of IT innovation budget and growth not will suffice.
The largest share of IT budget (84%) is spent on daily operations and incremental changes.
The CIO also hope to have the greatest influence on business strategy and seek to find a balance between innovation and operational efficiency while seeking to improve relations with top executives.
“As business ecosystems evolve, it is expected that CIOs adopt and anticipate the pace of change and its impact on the technological needs of the organization, “said Cristina Gamito, ‘partner’ Deloitte responsible for the report. “The C-Suite executives see today, more than ever, the CIO as a leader prepared to implement global priorities of business through scalable technology solutions and smart investments”.
Despite the investment and innovation be priorities, they remain on the margins of the investment strategy, as only 16% of the IT budget is focused in this area.
On the other hand, 15% of the global leaders in technology are investing in emerging technologies that could effectively change the paradigm and to contribute to innovation and growth.
“CIOs have a great opportunity to promote innovation and growth in the current business environment, increasingly globalized and interconnected” according to Cristina Gamito, Deloitte. “The challenge is that the CIO become a respected business leader, with responsibility for growth and innovation, as well as supporting operational excellence.”
3 in 4 CIOs said that technologies digital and analytics will have a significant impact on their companies but several revealed find difficulties in getting continued funding for earlier and essential investments that serve as the basis for growth and innovation.
Different priorities depending on the business
In large and small organizations, CIOs share five business priorities that are directly related to your business: performance (48%), innovation (45%), clients (45 %), cost (45%) and growth (44%).
The performance is a priority for CIOs of large consumer industries, manufacturing and health and wellness. More than half of these professionals mentioned that this element is also a business priority.
The cost is the dominant element on the agendas of CIOs from government and energy sector.
In general, CIOs are paying more attention to the ecosystems in which businesses thrive and which are more abrangentes.O study concludes that it is for this reason that more than half of those responsible chose a priority different from the three main priorities for the sector.
There are several ways in which CIOs deliver value to organizations and are grouped into three patterns. Accredited operators “guarantee the operational discipline in their organizations by focusing on the cost, operational efficiency and performance reliability. It also provides technologies that enable support business transformation efforts and align business strategy.”
As for the promoters of change “lead business transformation through technology and other change initiatives. They devote part time to support business strategies and provide enabling technologies”.
Finally , the co-creators of business “devote most of their time creating business strategies and drive change in their organizations to ensure effective implementation of the strategy”.
“In order to effectively shape the future business, CIOs must assess their current skills and business needs to devise a clear vision of the future, “said Cristina Gamito Deloitte. “To materialize its vision of leadership, CIOs can put yourself in a better position to identify the skills, relationships and technology investments they need to achieve their business priorities.”
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