INFOGRAPHIC
Survey finds three in five CIOs would replace half or more of their current technology if possible
A new global research study from Lenovo reveals how the CIO role has evolved , shedding light on growing areas of responsibility and increasing influence in the C-suite , as well as removing barriers to business growth .
Technology is currently the nervous system that connects corporate strategy , finance , innovation , operations and talent . CIOs are increasingly tasked with connecting with key stakeholders across the organization to ensure alignment and drive execution .
With IT enmeshed in every facet of a business , CIOs believe that their organizations must continue to invest in Digital Transformation to remain relevant . Key findings from Lenovo ’ s global survey of more than 500 CIOs include :
CIOs are increasingly tasked with connecting with key stakeholders across the organization to ensure alignment and drive execution .
• Nearly all CIOs surveyed believe their roles have evolved and expanded in the past few years , and that they are being asked to make business decisions that go far beyond technology .
• Nine-in-10 CIOs say that their role and responsibilities have expanded beyond technology , including non-traditional areas such as data analytics and business reporting ( 56 %), sustainability / ESG ( 45 %), DE & I ( 42 %), HR / talent acquisition ( 39 %) and sales / marketing ( 32 %).
• 82 % say the CIO role has become more challenging compared with just two years ago as they are confronting a vast array of unique challenges , from the increasing use of AI and automation to talent acquisition in a global , remote workforce .
• CIOs find it most difficult to solve challenges related to data privacy / security ( 66 %), cybersecurity / ransomware ( 66 %), keeping up with technological change ( 65 %), managing fragmented IT vendor ecosystems ( 61 %) and adopting / deploying new technology ( 60 %).
• The majority of CIOs believe their role in the organization has increased in influence .
• More than three-in-four CIOs say they have a greater impact on their company ’ s overall fortunes than other C-suite positions .
• 88 % agree that ‘ my role as CIO is the most critical component of my company or organization ’ s continued operation .’
• As the CIO role expands and evolves , respondents say that their technology vendors play an invaluable role in their company ’ s overall success .
• Business would feel an impact in no more than a few weeks if they halted spending on Digital Transformation initiatives , according to 61 % of respondents . This speaks to technology ’ s role as a critical component of the business , not just a source of cost efficiencies .
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