Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 1325899588
iStock 1325899588

Bold leadership elevates CIOs to the boardroom, according to Logicalis global study 


 

  • 50% of CIOs say their board expects them to deliver continuous innovation. 
  • 80% of CIOs say that business strategy will become a bigger part of their role over the next two years.   
  • 57% of CIOs say that building and operating new digital platforms is still a core part of their job. 
  • 77% of CIOs are spending more time selling ideas into the board. 

 

 

CIOs have stepped into the role of digital evangelist and strategic advisor, according to the 2023 Global CIO Survey from Logicalis, a global technology service provider. The study questioned 1000 technology leaders and explores how the role of the CIO is evolving. This year’s survey, The Meteoric Rise of the CIO, demonstrates a monumental shift in the role of the CIO from tech implementor to business leader.

Today’s tech leaders are actively involved in creating business strategy – 41% have some level of responsibility for business strategy while 81% say they are spending more time on innovation. They are using their technology expertise to deliver innovative solutions that drive value and competitive advantage. Over three quarters (77%) are now spending more time selling ideas into the board. 

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

“CIOs are playing a leading role in orchestrating transformation and are stepping up in response to the changing industry dynamics.” says Bob Bailkoksi, CEO at Logicalis. “Yet, CIOs are faced with challenges to navigate including a potential recession and talent shortages. In addition to this, they are experiencing increased pressure to deliver digital-based outcomes for their organisations, giving them more exposure to their Boards and requiring a different way of operating.”

Orchestrating transformation on the journey towards a digital-first future means CIOs are forging a new path. The four critical areas of focus for CIOs identified in this year’s report include: 

  • Innovation – 50% of CIOs are expected to deliver continuous innovation that elevates and differentiates customer and employee interactions. 
  • Strategy – 80% of CIOs say that business strategy will become a bigger part of their role over the next two years. 
  • Digital Transformation – 57% of CIOs say that building and operating new digital platforms is still a core part of their job. 
  • Reimagining service partnerships – 74% of CIOs expect to increase spending on IT Outsource Management in 2023

 

“Modern CIOs have the right leadership skills and technology expertise to ensure their organisation is well equipped for the digital world”, explains Toby Alcock, CTO of Logicalis. Rather than just supporting business needs through technology, the CIO is now using technology to help create new business models and tap into more revenue streams.” 

 

Recent Post: