By: CIOs Must Prepare for New Era of IT
Rising Demand
85% of CIOs are seeing IT requirements increase significantly, with more support needed for apps that enable multiple channels, including mobile.
On the Clock
Nearly 75% say time pressure for implementing IT projects is increasing as time-to-market emerges as a key performance indicator.
Consumer Tools
Two-thirds of companies plan to invest more in IT over the next seven years, especially for
Influential Voice
45% of companies expect to have a CIO on the board of directors by 2020.
Top Industries for Future CIO Board Membership
Telco, high tech and media: 51%, Financial institutions: 50%, Automotive, machinery, defense: 47%, Consumer and retail: 44%
Universal Fit
Nearly 80% of CIOs expect standard software to cover more than one-half of required functionality, reducing their dependence upon custom products.
Expected Growth of IT Outsourcing by Industry by 2020
Consumer and retail: 18%, Utilities: 17%, Automotive, machinery, defense: 16%, Finance: 15%, Telco, high tech and media: 15%
Best Practices for CIOs in the New Age: Drive Digital Business
Act as a company manager, not a tech guru. Balance sophisticated solutions for core processes with standardized packages for commodities.
Best Practices for CIOs in the New Age: Simplify Business and Optimize IT Architecture
Reduce the number of apps, but increase the share of value-driving functions.
Best Practices for CIOs in the New Age: Redefine Cost-Effective IT Delivery
Consider agility as a key component of IT value, as opposed to cost alone.
