President & CEO
Harvey Nash USAPAC
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2016 is the Year of the CIO
2016 is the Chinese year of the Monkey, and this year's element is Fire. A 'Fire Monkey' is said to be ambitious and adventurous, but irritable. This happens to be a handy analogy for describing how CIOs feel according to early results from the 2016 Harvey Nash/KPMG CIO Survey!
Following are a few early insights into the trends emerging as senior IT leaders from around the world continue to participate in the survey:
The vast majority of CIOs expect 2016 to bring more strategic responsibility and as technology continues to play a great role in organizational growth planning, it appears likely that CIOs are getting used to having a voice at the top management table. CIO confidence at their strategic input has grown consistently for six years and it is looking like this year it will be at its highest since 2006. Last year two-thirds of CIOs were being asked to prioritize projects that make money rather than save money. Will it be the same this year? If so, it will be further evidence of the growing importance of the CIO.
A majority of CIOs have clear plans in place to take advantage of digital innovations and almost a quarter of CIOs plan to add digital talent to their team this year. This year's data is suggesting most CIOs are putting in place a clear vision for the use of digital technologies in their business, and as more CIOs grow increasingly adventurous in their use of disruptive strategies to gain competitive advantage, they are also thinking about their future career paths. Last year one in five CIOs planned to move jobs. A year later, it will be interesting to see just how many of them did, and perhaps just as interesting, what proportion are looking to the Chief Digital Officer or even the Chief Executive Officer role as the next step on their career path.
However, control of digital continues to vex the CIO with only a very small proportion of senior IT leaders currently 'owning' digital strategy. That said, sharing ownership with Marketing and other C-suite peers seems to be increasing. Working with these peers in a collaborative manner will become more important to CIO success in 2016 and 2017.
As the results continue to come in, we will be able to generate a more detailed picture of what CIOs are planning in the year ahead, both for their careers and their organizational growth. Ultimately though, I feel confident in predicting that 2016 will be anything but monotonous!
If you have not yet completed the 2016 Harvey Nash/KPMG CIO Survey, you can do so here until March 20th. All respondents receive a free copy of the results, which will include in-depth analyses from MIT. You will also receive a Personal Benchmark Report - a document, unique to you, comparing your answers with your peers. How does your IT strategy measure up to others in your sector? Take part in the 2016 Harvey Nash/KPMG CIO Survey.