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CEO interest in IT ‘at highest level for a decade’

Chief executive officers (CEOs) are increasingly looking to the IT infrastructure of their business as a means to drive efficiency improvements and growth over the coming years.

This is the view of vice president and distinguished analyst at Gartner Claudio Da Rold, who stated a ‘one-size fits all’ approach to data management infrastructure is no longer a viable option for many businesses, as increasing market pressures and rising data volumes mean more needs to be done to ensure systems are “built to adapt”.

Research published by the organisation has revealed that 64 per cent of company CEOs now list growth as their main priority for 2014, while at the same time 70 per cent of chief information officers (CIOs) are planning to change their IT sourcing mix to facilitate these aims.

Data management forms a key part of any successful business, as firms across all industries need to effectively handle vast swathes of consumer and supplier information on a daily basis.

However, understating the importance of leveraging a competitive advantage through the efficient and timely analysis of this data will now become an increasing priority for business leaders.

“IT must continue to run the essential business operations. It must differentiate the business through improvements to business processes, and it must also innovate – providing access to new digital opportunities,” Mr Da Rold argued.

“If IT fails to drive innovation, the business will acquire it elsewhere – because IT purchasing is already moving beyond the IT budget.”

According to Gartner’s latest CIO Agenda survey, 70 per cent of respondents plan to change their sourcing strategies over the next three years, while 42 per cent stated their belief that staff currently lack the necessary skills to enable full digitalisation.

As a result, increasing levels of investment both in training and new technologies will be required if companies wish to ensure they are in the best possible position to drive future growth through a focus on IT services.

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From: https://www.ontrack.com/uk/company/press-room/data-recovery-news/ceo-interest-in-it-at-highest-level-for-a-decade696.aspx

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