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
Table of Contents
3 Author's Bio
4 Executive Summary
5 Research Synopsis
6 Return To Growth
8 IT Budgets: Still Tight
12 What's On The Agenda
17 Better Use Of Data
19 Are We Finally Aligned?
21 Appendix
7 Figure 1: Innovation Plans for 2010
8 Figure 2: IT Organization Concerns
9 Figure 3: IT Spending: 2010 vs. 2009
10 Figure 4: Revenue: 2010 vs. 2009
11 Figure 5: Staying Busy
12 Figure 6: Hiring Practices for Permanent IT Staff
13 Figure 7: Current vs. Past IT Strategy for Growth
14 Figure 8: Implementation Plans
15 Figure 9: IT vs. Corporate Culture
16 Figure 10: IT Investment Plans for 2010
18 Figure 11: Primary Opportunity for CIOs
19 Figure 12: Plans for Growth-Oriented IT Projects
21 Figure 13: Impact of the Economy on IT Spending
22 Figure 14: Global IT Worker Presence
23 Figure 15: Job Title
24 Figure 16: Company Revenue
25 Figure 17: Industry
26 Figure 18: Company Size
About the Author
Chris Murphy is editor of InformationWeek, where he has worked as an editor and writer since 1999. Before joining InformationWeek, he was editor of the Budapest Business Journal, a business weekly in Hungary, and a daily newspaper reporter in Grand Rapids, Mich. Chris holds a BA in Economics and Journalism from Michigan State University and an MBA from the University of Virginia.
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