1CIOs Expect Steady Growth in Health Care IT Spending, Cyber-Threats
2CIOs Are Increasingly Reporting Directly to CEOs
CIOs are becoming invaluable resources to CEOs. In fact, the Harvey Nash/KPMG study finds that 34 percent of CIOs now report to a company’s chief executive and 57 percent are sitting on a senior leadership committee. Two-thirds of CIOs say the importance of the CIO’s role in strategic planning will grow.
3Here’s What CEOs Focus On
4Health Care IT Spending Will Soar
5How the Cloud Is Affecting Health Care IT
Health care organizations are turning their attention to the cloud: 45 percent of respondents said they’re doing so because the cloud offers better “availability and resiliency.” About a third of respondents say cloud solutions are the “best available,” and another third say it can “improve agility and responsiveness.” However, the cloud also has risks, and 55 percent of health care CIOs polled are concerned it might cause “data loss and privacy risks.”
6Cyber-Security Concerns Aren’t Going Away
Security continues to be a concern, and unfortunately for CIOs, the risks are getting higher. In the last two years, 28 percent of CIOs say they’ve been forced to respond to a “major IT security threat or cyber-attack.” Just 22 percent of CIOs say they’re “very confident” that their security risks are covered, slipping from 29 percent in 2014.
7CIOs Have a Talent Problem
Finding the right people for the job is difficult in the IT market. Two-thirds of CIOs say a skills shortage is preventing them from implementing new strategies, up from 59 percent in 2015. And although 44 percent of CIOs say they want to increase their team size in the next year, 89 percent believe they’ll have trouble keeping talented employees.
8Diversity Still a Concern
9CIOs Are on the Move
10Where Are CIOs Happiest?
CIOs working in the charity and not-for-profit industry sector are most likely to say they’re fulfilled in their roles. A whopping 91 percent of CIOs in that sector say they’re pleased with their positions. Across all industries, 84 percent of CIOs say they’re either “fulfilled” or “very fulfilled” in their jobs.
11How Compensation Has Soared
12A Mixed Message for IT Budgets
The prospects are mixed for IT budget growth. On one hand, 45 percent of CIOs say their IT budgets are on the rise. Looking at how they’ll spend their cash, half of CIOs say they’ll be increasing their investment in outsourcing solutions. However, 1 in 10 CIO respondents say more than 50 percent of their IT spend is controlled by outside IT providers.
13The ‘Chief Disruption Officer’ Arrives
CIOs are investing heavily in digital strategies and disruption, according to the survey. Thirty-five percent of CIOs say they’ve developed an enterprise-wide digital strategy, an increase from 27 percent in 2015. They’re focusing their “digital disruption” on product delivery and engaging customers. Those digital initiatives are making companies want to invest in chief digital officers. One in five companies currently have a “chief disruption officer,” and many more will be adding the role in the coming years.