Digitalization and technological innovation are changing the role of CIOs in the organisation as innovation drives continuity with business transformation. Secondly, digital business with the introduction of disruptive technologies is including intelligent machines and advanced analytics to reach the masses.
There were some interesting facts we could gather from 500 CIOs, CTOs and CDOs. The research covered essential considerations to enable CIOs make better decisions regarding their IT investments. Our survey revealed that the role of CIO is transitioning from delivery executive to business executive, from controlling cost and engineering processes, to driving revenue and exploiting data for enterprise's to go under digital transformation.
CIOs and organizations are significantly evaluating emerging and maturing technologies and the insights indicate that 85% of Indian enterprises increasing their ICT budgets in 2017, as compared to 75% in 2016. The research also reveals that Indian enterprises are investing in core technologies such as software, hardware, and IT services to improve their efficiency and productivity. Additionally, the government’s ‘Digital India’ campaign is helping Indian enterprises rework their technology investment strategies.
Lastly, as the adoption of newer technologies gain pace, enterprises are realizing the need to identify the business functions that will derive the greatest value. To complement the efforts, CIOs (83%) have shown the willingness to invest in new technologies as well as in the discovery of disruptive technologies that hold immense value.
On the above back drop, we will publish the viewpoints of Most powerful CIOs from the country in our forthcoming White Book EMINENT CIOs OF INDIA, where we would like to cover inputs of 100 CIOs from 10 different industry verticals
Thanking for your continued patronage and assuring you of our best services at all times.
Deepak Kumar Sahu
Publisher & Group Editor-VARINDIA