IT is now a priority for almost one-third of CEOs, according to a new Gartner study released this week. That’s the highest placement for technology in the history of the survey, the research firm reports.
"Almost twice as many CEOs are intent on building up in-house technology and digital capabilities as those plan on outsourcing it, 57% and 20%, respectively," said Mark Raskino, vice president and Gartner Fellow, in an announcement.
Nearly 60% of respondents said their digital platforms and ecosystems have already improved profits, while 20% of CEOs are now taking a "digital-first" approach to business change. The survey includes responses from 388 CEOs.
IT isn’t just for CIOs anymore. Digital transformation efforts are growing among all sorts of companies. And as more businesses realize the benefits and advantages such efforts afford, technology is becoming a priority even at the highest level of a company.
The use of technology to build competitive advantage also means business leaders want to bring IT capabilities back into the organization and build up tech skills internally rather than outsourcing them.
Gartner's results are not unique. More studies are illustrating just how invested C-suite executives are becoming in enterprise technology. A recent study from the IBM Institute for Business Value similarly found C-suite executives are investing more in their own digital capabilities to drive growth and to try to stay ahead of their competitors.