Research: 2010 Global CIO Report
Return to Growth: 2010 Global CIO Report
Growth is back on the agenda of IT leaders. There's still a great deal of caution, but that's the conclusion we see in our 2010 Global CIO Survey of 333 U.S. IT leaders, either C-level or VP.
Last year, just 18% of the senior IT execs we surveyed thought "introducing an IT-led product or service" would be a main area of IT innovation. This year, twice as many respondents, 36%, see things that way--the second most-cited area of innovation, after making business processes more efficient. (Last year, introducing an IT-led product or service was the No. 8 CIO priority.) Cost cutting, meanwhile, has fallen--32% now consider that a top innovation priority, down from 40% last year.
Budgets reflect the trepidation most business leaders feel about this economic recovery. Half of the business technology leaders we surveyed see their budgets rising this year, with more than a third of them seeing increases of 5% or more. Just under one-fourth see IT budgets decreasing. Furthermore, about two-thirds of the leaders we surveyed think their companies' revenue will increase this year (17% say significantly), and only 11% predict revenue will fall.
Asked what they're most worried about, CIOs cite the ability to implement fast enough to meet business needs and having sufficient budget to do so. CIOs are worried about having the horses to get growth-oriented projects done, yet confidence in growth isn't strong enough to fuel a lot of IT organization hiring. CIOs need to assess whether their IT teams are ready to meet a rising demand for growth-oriented IT.
Survey Name: InformationWeek Analytics 2010 Global CIO Survey
Survey Date: May 2010
Region: United States
Number of Respondents: 333
Report ID: 1290610