Pace of digital innovation quickens; large companies struggle to keep up, says Harvey Nash CIO Survey in association with KPMG
Big data analytics jumps to No.1 in demand skill, big growth in CDO roles
LONDON, UK - May 19, 2015 - Digital innovation is dominating the agenda of technology leaders, but many companies are struggling to manage it, according to the Harvey Nash 2015 CIO Survey in association with KPMG. The pace of digital and the race to innovate has left many organisations lacking an enterprise-wide digital strategy and desperately seeking to acquire the right skills. Despite efforts to close the skills gap, this year skills concerns are running one third higher than in 2013. The demand for big data analytic skills has leapt to the number one most-needed skill, skyrocketing to almost six times higher than the next-most-scarce skill, change management.
- The role of the Chief Digital Officer (CDO) is growing in importance. Seventeen percent of CIOs now work with a CDO, up from only 7 percent last year. An additional five percent of respondents said they will hire will hire a CDO in the next several months.
- The CDO role varies significantly with organisations. Where organisations have CDOs in place, only just under half (47 percent) have that person taking full leadership of the digital strategy, with the remaining organisations preferring the CIO, CMO or CEO to take the lead.
- Reversing a trend we charted in 2012-14, marketing departments that exclusively own digital is down to 24 percent, from 40 percent last year. Conversely, the number of IT departments that own digital is on the rise, up to 18 percent, almost doubling its influence from last year. There has also been a 7 percent jump in joint ownership between both marketing and IT.
- CIOs are enjoying a stronger relationship with marketing this year, with 33 percent rating it 'very strong', up from 30 percent last year. Where the digital strategy is jointly owned by IT and marketing the relationship is strongest, with 41 percent of CIOs rating it 'very strong'.
- Half (50 per cent) of CIOs report they are increasingly using outsourcers to supplement skills they can't find in house; this compares to just 25 per cent of CIOs who are looking to their outsourcers to save them money, suggesting an evolving role for outsourcers.
- In 2015, six out of seven CIOs will increase their outsourcing spend.
- Four in ten (41 percent) of CIOs plan to increase their investment in offshoring this year.
- Business intelligence and analytics made the biggest jump up the priority list compared to last year, with almost half (47 percent) setting it as a top priority.
- Increasing efficiencies topped the list of CIOs' operational priorities this year, at 61 percent.
- Cost-cutting dropped in importance by 16 percent, compared to 2013.
- The lack of women in IT has received significant media and political attention for several years, yet the proportion of women in IT leadership roles remains stagnant year after year.
- Globally, the number of women in IT leadership positions - CIO, CTO or SVP title - is down 2 percent from 2013, reporting in at a mere 6 percent this year.
- Despite the constant challenges, complexities and changes IT leaders face, job satisfaction is climbing towards historic highs - 80 percent at either 'very' or 'quite' fulfilled. The proportion of CIOs who plan to move jobs in the next 12 months is 12 percent, down from 17 percent in 2014.
- Globally, one in four CIOs (25 percent) reported their companies had to deal with major IT security incidents in the past 12 months.
- Only 23 percent of respondents are "very well" prepared, down 6 percent from last year (29 percent).
The Harvey Nash CIO Survey 2015, in association with KPMG, collected data between 6th January and 19th April 2015 and represents the views of 3,691 technology leaders from more than 30 countries, with a combined IT spend of over $200bn. Of the respondents, 33 per cent identified themselves as CIOs, 9 per cent as CTOs, 32 per cent as director / VP in technology and the remaining 26 per cent were spread between a broad range of roles including CEO, COO, CDO and senior executives. For more information about the survey including and to request a full copy of the results, please visit www.harveynash.com/ciosurvey or email firstname.lastname@example.org.
Harvey Nash has helped over half the world's leading companies recruit, source and manage the highly skilled talent they need to succeed in an increasingly competitive, global and technology driven world. With over 7,000 experts in more than 40 offices across Europe, Asia and the USA, we have the reach and resources of a global organisation, whilst fostering a culture of innovation and agility that empowers our people across the world to respond to constantly changing client needs. We work with clients, both large and small, to deliver a portfolio of services: executive search, professional recruitment and IT outsourcing. To learn more, please visit www.harveynash.com. Follow us on Twitter www.twitter.com/harveynashgroup
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