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What's on Your CIO's Mind? Analytics, Analytics, Analytics
IBM study highlights business intelligence as top priority as today's chief information officers focus on becoming more strategic, enabling business growth
Above (from YouTube): IBM CIO Pat Toole comments on a new global study of more than 2,500 Chief Information Officers (CIOs).
Armonk, NY — September 18, 2009 — Leveraging analytics to gain a competitive advantage and improve business decision-making is now the top priority for CIOs, according to a new study of more than 2,500 chief information officers by IBM.
More than four out of five (83 percent) respondents to a recent survey identified business intelligence and analytics — the ability to see patterns in vast amounts of data and extract actionable insights — as the way they will enhance their organizations' competitiveness, IBM said.
These results and other insights are detailed in the just-released "Global CIO Study 2009," which is the largest face-to-face survey of CIOs ever conducted, according to IBM. The study, titled "The New Voice of the CIO," represents the insights and vision of CIOs from 78 countries, 19 industries, and small, midsize and large organizations.
IBM said that the study reinforces the increasingly strategic role that CIOs are playing as visionary leaders and as drivers of innovation and financial growth. With an increased focus on data analytics, the survey also revealed that data reliability and security have emerged as increasingly urgent concerns, with 71 percent of CIOs planning to make additional investments in risk management and compliance.
"CIOs are investing in business analytics capabilities to help them improve decision-making at all levels," said Pat Toole, CIO of IBM. "In addition, in this challenging economy, CIOs understand that analytics can be key to new growth markets, whether it's new ways to manage a utility grid or smarter healthcare systems. Managing and leveraging new intelligence through analytics is something that today's CIO is pursuing to gain competitive advantage in these new markets."
"This study is a very important piece of work," said Melodie Mayberry-Stewart, CIO and director of the Office for Technology within the office of the New York State CIO/Office for Technology. "The duality of the role of the CIO — to be both a visionary and a pragmatist, value creator and a cost cutter — is an issue I and most of the CIOs I talk to deal with every day."
As the role of the CIO itself transforms so do the types of projects they lead across their enterprises, which will allow CIOs to focus less time and resources on running internal infrastructure, and more time on transformation to help their companies grow revenue, IBM said. CIOs are transforming their infrastructure to focus more on innovation and business value, rather than simply running IT, according to the research.
More than four out of five (83 percent) respondents to a recent survey identified business intelligence and analytics — the ability to see patterns in vast amounts of data and extract actionable insights — as the way they will enhance their organizations' competitiveness, IBM said.
These results and other insights are detailed in the just-released "Global CIO Study 2009," which is the largest face-to-face survey of CIOs ever conducted, according to IBM. The study, titled "The New Voice of the CIO," represents the insights and vision of CIOs from 78 countries, 19 industries, and small, midsize and large organizations.
IBM said that the study reinforces the increasingly strategic role that CIOs are playing as visionary leaders and as drivers of innovation and financial growth. With an increased focus on data analytics, the survey also revealed that data reliability and security have emerged as increasingly urgent concerns, with 71 percent of CIOs planning to make additional investments in risk management and compliance.
"CIOs are investing in business analytics capabilities to help them improve decision-making at all levels," said Pat Toole, CIO of IBM. "In addition, in this challenging economy, CIOs understand that analytics can be key to new growth markets, whether it's new ways to manage a utility grid or smarter healthcare systems. Managing and leveraging new intelligence through analytics is something that today's CIO is pursuing to gain competitive advantage in these new markets."
"This study is a very important piece of work," said Melodie Mayberry-Stewart, CIO and director of the Office for Technology within the office of the New York State CIO/Office for Technology. "The duality of the role of the CIO — to be both a visionary and a pragmatist, value creator and a cost cutter — is an issue I and most of the CIOs I talk to deal with every day."
As the role of the CIO itself transforms so do the types of projects they lead across their enterprises, which will allow CIOs to focus less time and resources on running internal infrastructure, and more time on transformation to help their companies grow revenue, IBM said. CIOs are transforming their infrastructure to focus more on innovation and business value, rather than simply running IT, according to the research.
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