Chief information officers are more involved in strategic decisionmaking as they continue to balance information technology needs for their organizations, according to a survey by IBM Corp.
More than half of a CIO's time is spent on activities that focus on innovation, such as motivating others to participate in innovative plans and managing nontechnology business issues, IBM said in its report. Balancing the company's current technology needs with cost-cutting methods and new implementation plans remain key factors of the executive position as well. The results are based on interviews with more than 2,500 CIOs from 78 countries, 19 industries, and a range of large and small companies.
CIOs are conducting more data analytics, as well, which has led to increased focus on data reliability and security, according to the survey. “CIOs are investing in business analytics capabilities to help them improve decisionmaking at all levels,” said Pat Toole, CIO of IBM Corp. in a written statement. “In addition, in this challenging economy, CIOs understand that analytics can be key to new growth markets, whether it's new ways to manage a utility grid or smarter healthcare systems. Managing and leveraging new intelligence through analytics is something that today's CIO is pursuing to gain competitive advantage in these new markets.”