Lenovo study reveals CIO commitment and concerns around technology innovation

Lenovo study reveals CIO commitment and concerns around technology innovation

However, majority (83%) are worried that they will not have sufficient resources to invest effectively in innovation for their organization’s IT infrastructure United Arab Emirates, Dubai: A global annual survey of Chief Information Officers (CIOs) by Lenovo reveals that despite economic headwinds and IT budget challenges, the world’s CIOs are bullish about the power of technology to deliver value for their organizations. Despite their optimism, the risks are real, as 83% are concerned that there will be insufficient budgets to properly invest in innovation and digital transformation, and almost half (48%) say they are “extremely” or “very” concerned. The second edition of the annual Lenovo Global CIO Study found that CIOs (48%) are also more likely to prioritize innovation in new technologies over optimizing their current tech stack. The stakes are high, with 60% of CIOs reporting that a freeze in investment to innovation would impact their business at once or within weeks across business automation, business model transformation, data analytics and environment, social, and governance initiatives. Adding to this, 33% of CIOs do not feel their organization is sufficiently resilient. “The job of the CIO has never been more demanding, and the findings indicate they are taking increasing risks