A new global study of more than 2,500 CIOs, released by IBM on Thursday, support this conclusion.
Clearly the role of the CIO is changing dramatically, said Pat Toole, IBMs CIO, in a statement. On the one hand they are trying to standardize routine processes and simplify their existing IT infrastructure to reduce costs, hence their growing interest in technologies such as Cloud computing. On the other hand, given the central role that todays CIO performs in driving new business models, whether its a Smart Grid system, an Intelligent Transport system, or a transparent food supply chain, its not surprising that the amount of time they are now spending on driving new kinds of growth for their companies is growing considerably.
These results and other insights are detailed in the just-released Global CIO Study 2009, which is the largest face-to-face survey of CIOs ever conducted. The study, titled The New Voice of the CIO, represents the insights and vision of CIOs from 78 countries, 19 industries, and organizations of every size. The study reinforces the increasingly strategic role that CIOs are playing as visionary leaders and as drivers of innovation and financial growth.
Along with the increased focus on data analytics, the survey also revealed that data reliability and security have emerged as increasingly urgent concerns, with 71% of CIOs planning to make additional investments in risk management and compliance.
Other key findings of the survey include:
There really is a ground swell on how their role is evolving, said Linda Ban, director of 2009 CIO study program. Its no longer enough for them to be considered the consummate IT professional in the company. Theyve got to understand the company, theyve got to understand where the company is moving and what the issues are and how they help make that happen.