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- Analysis commissioned by Lenovo reveals CIOs are extra concerned than ever earlier than in areas outdoors their conventional know-how purview, reminiscent of enterprise mannequin transformation, company technique, and sustainability
- Tasked with rising organizational agility and streamlining operations price, 57% of CIOs suppose a minimum of half their present tech stack is serviceable however may very well be improved – with 21% wanting to interchange virtually all of their tech stack
HONG KONG SAR – Media OutReach – 20 April 2022 – A brand new world analysis examine from Lenovo [1] reveals how the CIO function has developed, shedding mild on rising areas of duty and rising affect within the C-Suite, in addition to eradicating boundaries to enterprise development.
At this time, know-how is the nervous system that connects company technique, finance, innovation, operations, and expertise. CIOs are more and more tasked with connecting with key stakeholders throughout the group to make sure alignment and drive execution. With IT enmeshed in each aspect of a enterprise, CIOs imagine that their organizations should proceed to put money into digital transformation to stay related. Key findings from Lenovo’s world survey of greater than 500 CIOs embody:
- Almost all CIOs surveyed imagine their roles have developed and expanded previously few years, and that they’re being requested to make enterprise choices that go far past know-how.
- 9-in-10 CIOs say that their function and duties have expanded past know-how, together with non-traditional areas reminiscent of information analytics and enterprise reporting (56%), sustainability/ESG (45%), DE&I (42%), HR/expertise acquisition (39%), and gross sales/advertising and marketing (32%).
- 82% say the CIO function has change into more difficult in contrast with simply two years in the past as they’re confronting an unlimited array of distinctive challenges, from the rising use of AI and automation to expertise acquisition in a worldwide, distant workforce.
- CIOs discover it most troublesome to resolve challenges associated to information privateness/safety (66%), cybersecurity/ransomware (66%), maintaining with technological change (65%), managing fragmented IT vendor ecosystems (61%) and adopting/deploying new know-how (60%).
- Nearly all of CIOs imagine their function within the group has elevated in affect.
- Greater than 3-in-4 CIOs say they’ve a higher influence on their firm’s total fortunes than different C-Suite positions.
- 88% agree that “my function as CIO is probably the most crucial part of my firm or group’s continued operation.”
- Because the CIO function expands and evolves, respondents say that their know-how distributors play a useful function of their firm’s total success.
- Enterprise would really feel an influence in no quite a lot of weeks in the event that they halted spending on digital transformation initiatives, in accordance with 61% of respondents. This speaks to know-how’s function as a crucial part of the enterprise, not only a supply of price efficiencies.
- Wanting forward, CIOs anticipate to show to their distributors to assist them remedy a myriad issues within the subsequent 5 years, together with rising their organizational agility (60%) and offering safety of their firm’s techniques and operations (52%), in addition to to simplify the configuration, deployment and upkeep of know-how (50%), and optimize prices (43%).
- 8-in-10 CIOs agree their tech distributors are “so successfully built-in that it will increase [their] total productiveness.”
- Contemplating their new challenges and evolving duties, CIOs counsel their present tech stack has a lot room for enchancment.
- Given the prospect to reboot from scratch, most CIOs (57%) say they’d substitute half or extra of their firm’s present know-how.
- In comparison with the earlier 12 months, 63% of corporations are utilizing extra Machine-as-a-Service of their tech stack.
- As enterprise fashions change, practically all CIOs (92%) would positively or in all probability contemplate including new aaS choices over the following two years.
“Trendy CIOs are the ‘mission management’ for his or her organizations, their function has reworked drastically in simply the span of the previous 24 months,” stated Ken Wong, President, Lenovo Options and Companies Group. “From navigating advanced tech ecosystems to maintain up with the velocity of digital transformation, to upskilling staff and managing a worldwide scarcity of IT expertise, in the present day’s CIO is liable for all the know-how worth chain and past. Lenovo’s analysis demonstrates CIOs are up for the problem. They usually need to associate with their distributors to carry their organizations alongside and succeed.”
Analysis agency Worldwide Information Corp. estimates that by 2023, 60% of CIOs at corporations world-wide can be primarily measured for his or her capability to cocreate new enterprise fashions and income streams, mainly via enterprise-wide collaboration[2] . But Lenovo’s personal analysis reveals that it could be an uphill battle for CIOs, who’ve recognized areas reminiscent of information privateness/safety, cybersecurity/ransomware and managing a fragmented IT vendor ecosystem as their most difficult issues.
“On this advanced technological surroundings, CIOs need to innovate, not handle IT. As Lenovo’s analysis highlights, CIOs look to their know-how distributors past simply delivering the fundamentals nicely – specifically, enhance organizational agility, simplify configuration, and optimize prices. IT leaders additionally want counsel and steering on how rising know-how can improve their enterprise targets. The alternatives for know-how so as to add actual enterprise worth – proper throughout the enterprise – are immense,” added Mr. Wong.
To handle an more and more advanced digital transformation journey, companies want easy and versatile IT options. Lenovo’s options present organizations the breadth of The whole lot-as-a-Service choices in Lenovo TruScale; the pliability to pay for the infrastructure options they want, so long as they want; and the depth in our experience and providers that empower CIOs to focus extra on their strategic imperatives. Companies of all sizes want the pliability to remain aggressive, and a scalable, cloud-like answer mannequin is the reply.
Business forecasts by Expertise Enterprise Analysis point out that Machine Subscription Companies are rising at a CAGR of 26% from 2020 to 2024 and information middle subscription providers are rising at 42% throughout the identical interval. [3] As-a-Service options present mission-critical help and providers, enabling companies to make use of know-how to scale shortly, decrease prices, and reap higher efficiencies. With its versatile and easy choices, Lenovo has helped organizations from the training to aerospace sectors optimize the suitable know-how with the potential to remodel and future-proof their operations.
The complete examine is offered at: [link]
About Lenovo SSG World Examine of CIOs
Fieldwork for this examine was carried out by way of a quantitative survey from December 6, 2021 to December 21, 2021, amongst a complete of 525 world CIOs. The survey pattern comprised of a close to equal variety of respondents from every market: Brazil, China, Japan, Singapore, the UK and the US. Respondents included CIOs of corporations and organizations with a minimum of 250 complete staff.
Third Calendar Quarter 2021
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion income Fortune World 500 firm serving clients in 180 markets around the globe. Centered on a daring imaginative and prescient to ship smarter know-how for all, we’re growing world-changing applied sciences that energy (via gadgets and infrastructure) and empower (via options, providers and software program) tens of millions of consumers every single day and collectively create a extra inclusive, reliable and sustainable digital society for everybody, in every single place. To seek out out extra go to https://www.lenovo.com and skim concerning the newest information by way of our StoryHub.
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