Almost nine out of ten companies (89%) are maintaining or ramping up investment in innovation, including digital labor. Two-thirds (64%) of organizations adapting their technology strategy indicate they do this because of unprecedented global political and economic uncertainty. More than half (52%) are investing in more nimble technology platforms to help their organization innovate and adapt. These are some of the most striking results of the joint Harvey Nash / KPMG International CIO Survey of 2017.
While economic uncertainty is making business planning difficult for many organizations, it is clear digital strategies have infiltrated businesses across the globe at an entirely new level. The proportion of organizations surveyed that have enterprise-wide digital strategies increased 52% in just two years, and organizations with a Chief Digital Officer have increased 39% over last year. To help deliver these complex digital strategies, organizations also report a huge demand for Enterprise Architects - the fastest growing technology skill this year, up 26% compared to 2016.
According to Paul Olieman, Director Technology Advisory at KPMG Belgium, the survey makes it clear that technology leaders experience a level of change that has reached unprecedented levels, and increasingly it is coming from unexpected sides of business. Many technology executives are turning this uncertainty into opportunity. They are helping their organizations become more nimble and digital, to navigate through unpredictable change, and to thrive in an uncertain world.
Some of the key findings include:
Further analysis of the data also found a clear divergence between organizations that are effective at digital transformation and those that are not. CIO’s at these ‘digital leader’ organizations are almost twice as likely to be leading innovation across the business, and their organizations are investing in cognitive automation at four times the rate of others.
Other highlights of the report include:
“To make technology successful has always been challenging, and this year’s Survey says that this has got even harder still,” said Ronny Lommelen, Managing Director at Harvey Nash Belgium. “Layered on top of astonishing advances in technology is a political and economic landscape that is dynamic and changing fast, sometimes in surprising ways. However, what is very clear is that many technology executives are turning this uncertainty into opportunity, driving their organization to become more nimble and digital. CIO’s are becoming increasingly influential as CEOs and boards turn to them for help in navigating through the complexity, and the threat and opportunity, which a digital world presents.”
“Organizations clearly have moved on from a world of strategizing and lots of talk about digital, to one in which they are really making it happen”, said Paul Olieman, Director Technology Advisory at KPMG Belgium. “Businesses we see as Digital Leaders are taking a pragmatic approach, applying technology and automation across their business, including the back office functions, to create a platform for broader transformation. Regarding the specific situation in Belgium, it’s very clear that cyber security is a top priority among CIO’s. So our companies need to invest in technology as much as in people, because the challenges are not only technological. We will also need to find the right people on the labor market.”
Now in its 19th year, the Harvey Nash / KPMG International CIO Survey is the largest survey of IT leadership in the world in terms of number of respondents. The survey, where almost 4.500 CIOs and technology leaders participated to across 86 countries – including Belgium - , was conducted between December 2016 and May 2017.
Register to receive a full copy of the report:
© 2020 KPMG Central Services, a Belgian Economic Interest Grouping ("ESV/GIE") and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.