Intelligent CIO Europe Issue 54 - Page 25

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STUDY REVEALS THREE IN FIVE CIOS WOULD REPLACE HALF OR MORE OF THEIR CURRENT TECHNOLOGY IF GIVEN OPPORTUNITY

Lenovo has unveiled research which explores the evolving role of the CIO and the growing responsibility they face within corporate strategies in today ’ s world . The study also highlights that CIOs are more involved than ever in areas outside their traditional technology purview , such as business model transformation , corporate strategy and sustainability .

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 .

Today , technology is the nervous system that connects corporate strategy , finance , innovation , operations and talent . CIOs are increasingly tasked with connecting with key stakeholders across the organisation to ensure alignment and drive execution . With IT enmeshed in every facet of a business , CIOs believe that their organisations must continue to invest in Digital Transformation to remain relevant .
Key findings from Lenovo ’ s global survey of more than 500 CIOs include :
• 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 .
• 9-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 %).
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