In the digital age, it is no surprise to find that more IT leaders are reporting budget increases than at any other time in the last 15 years – but what are they using this for? How are they managing the balance between the huge opportunities that disruptive technologies such as AI bring and the risks of cyber security, data privacy and regulation?

It is clear that the role of the CIO is becoming a much more value-adding one as technology becomes ever more prevalent in the day-to-day operation of the typical business and as business and technology change become ever more synonymous. So, what is the sentiment of technology leaders in the UK?

  • Almost half (42 percent) of organisations expect to change their product/service offering or business model fundamentally in the next three years;
  • 59 percent plan to replace more than 10 percent of roles with AI/automation within five years but the majority (67 percent) believe new job roles will compensate for those lost;
  • Over two-thirds (67 percent) of organisations now allow ‘business-managed IT’ spend, creating opportunities as well as increased privacy and security risks where the IT team is not involved;

For more perspectives from the UK’s CIOs read our executive summary: Seven key insights from the UK’s CIOs’.

About the Harvey Nash and KPMG CIO survey:

The Harvey Nash and KPMG CIO Survey is the largest IT leadership survey in the world – with over 3,000 CIOs and technology executives participating in this edition from 108 different countries.

The survey in its 21st year, provides direct insight into the priorities, strategies and careers of senior technology leaders around the world.