The role of the CIO is evolving with an increased focus on unlocking customer connections through service innovation, according to the 2021 Global CIO Survey from Logicalis, a global provider of IT solutions. The study, which questions 1000 CIOs from around the world, reveals the shift in the role of the CIO with the majority of respondents stating innovation, operational efficiency, and customer experience as their top priorities.
Over the last 12 months, there has been a notable shift in the defining aspects of the CIO role, with most respondents noting a significant increase in the time they now spend on innovation (79%), strategic planning (77%) and productivity (62%). This is a stark contrast to previous years, where the majority of CIOs reported a lack of time to spend on both innovation and strategic planning.
CIOs are now tasked with revolutionising business infrastructures to tackle the modern world and increasingly digitally based interactions. Customers now expect to engage with businesses digitally as standard, and as a result companies need to innovate to redefine and elevate their customer interactions to stand out from the competition. Over the last year, 73% of CIOs state the importance of customer experience has increased and this isn’t slowing down any time soon. Additionally, 4 in 5 (81%) respondents believe that their focus on redefining the customer experience will grow over the next 5 years.
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 should innovate to build agile and adaptable infrastructures which unearth hidden insights in the digital customer journey to empower closer customer connections. As IT leaders, they have the technical expertise to interpret customer engagement data and unearth hidden insights to improve the customer experience, optimise operations and achieve their business objectives.
Toby Alcock, CTO of Logicalis says: “Digital experience has become one of, if not the most, important way to reach, connect and communicate with customers in the new digital age. The ability to provide an optimal digital experience will determine the future of an organisation. To deliver the digital experience, businesses should overhaul their infrastructure and leverage evolving technologies to interrogate the end-to-end digital customer journey. By being in closer proximity to customers, CIOs can ensure they can keep up with the needs and demands of the modern customer.”
For more information, and to explore additional key findings from the 2021 Logicalis Global CIO Survey, visit here.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.
