Report: CIOs increasingly asked to prioritize growing revenue
More than half of CEOs say they are asking their CIOs to focus more on projects that create revenue and less on saving money, according to a new report from Harvey Nash and KPMG.
Of the 3,352 CIOs and tech leaders surveyed, 63% said making money was the priority, while only 37% said saving money was most important.
- Boards too are less focused on saving money, according to the report, shifting the traditional enterprise priorities.
The report shows how CIO priorities are changing as IT becomes more essential to business growth.
The survey also asked CIOs about shifting job requirements over the last four years. CIOs reported that while things like customer engagement and improving business processes remain important, revenue growth now often takes priority over delivering stable IT performance.
Experts say that as technology has improved over the years, CIOs can spend less time making sure systems are working and more time focusing on IT strategies that can benefit the entire company.
"Technology and methodologies have been developed that reduce the angst, their reaction time and the focus on keeping the lights on and the applications running," said Bob Miano, president and CEO of Harvey Nash USA in an interview with the Wall Street Journal.
- The Wall Street Journal CIOs Sharpen Focus on Creating Revenue