Recently, IBM conducted their first Global Chief Information Officer Study. For this study, 2598 CIOs from 78 countries,19 different industries and organizations of all sizes were interviewed face-to-face and the results of the survey have been released in September 2009.
Does it come as a surprise that the vast majority (83%) see business intelligence and analytics as their top priority for the next 12 months? Not really if you consider how important timely and accurate information is in this type of economy to not only gain a competitive advantage, but sometimes simply to survive as a business.
The Global CIO Study 2009 reveals the results and other insights of this survey which is by the way the largest face-to-face survey of CIOs ever conducted.
CIOs from 78 countries and 19 different industries have been interviewed. The study, titled “The New Voice of the CIO” is therefore extremely real as these CIOs represent not only large organizations, but also small and mid-size companies.
Sure enough, reducing IT costs is part of their business, but also mitigating enterprise risks and leveraging automation to lower costs in all areas of the company. In addition, helping to improve the company’s overall performance is a very important part of the CIOs role. With an improved business intelligence and analytics solution, he can provide crucial information to all management levels of the business, said Pat Toole, CIO of IBM.
Apart from their top priority for data analytics, the survey shows that data reliability and security are of raising concern for the CIOs. 71% of the interviewed CIOs. are planning to make additional investments in risk management and compliance.
CIOs are increasingly recognized as full members of the senior executive team. They are more actively engaged in helping to set strategies and solving business problems, not only IT related problems.
Despite tight budgets, it is key for the CIOs managing and leveraging new intelligence through analytics, either by improving their existing systems or looking into the software market for good and affordable business intelligence solutions.
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