Perhaps it's the sense of achievement or the certification that we can add to our CV, but qualifications were by far, the most popular option for developing our functional skills.
The CIO Survey is a global technology trend report published annually by Harvey Nash and KPMG. Featuring the opinions of over 4,200 technology leaders and now in its 22nd year, it is one of the largest technology reports that exists today.
Data gathered in this year's edition reflects on the effects of the pandemic, offering a unique insight into the minds of our technology peers; how they're navigating the new normal and their plans for 2021.
COVID-19 increased our IT budgets by approximately 5%
During the first few months of the pandemic, IT departments had to act fast, setting employees up to work from home securely and meeting customer demands with digital adaptations. For most organisations, IT spend is now at an all-time high, 29 percent of survey participants believe that the pandemic has permanently increased investment in business managed IT. This surge in investment has left many companies questioning their IT spend and how they can balance, the balance sheet.
Two strategic drivers remain the same when considering IT investment: operational efficiency and customer engagement. But the lens in which decisions are being made has shifted. Short-term decision making remains the order of the day, though leaders say they may be more confident about longer and mid-term planning as we move into the new year. Flexibility remains key as we continue to venture into the unknown.
Out are long-term, riskier investments (such as ERP), in are quick innovations on technologies such as Microsoft's Power Platform, empowering creative 'citizen developers' within the organisation. Today's decisions centre around how technology can manage cashflow, drive innovation speed to market, and realise value sooner.
Each sector has its challenges and opportunities
Just ten percent of respondents indicated that techies would be returning to the office to complete their regular working hours. The remaining ninety percent suggested flexible working will be on the agenda. YouGov research found that just one in four people want to go back to the office full-time post-pandemic. In a recent Evening Standard article, many FTSE 100 companies said they only have a small percentage of employees on-site and plan to introduce flexible working programmes to retain employees.
Digital transformations don’t just have a profound effect on organisations’ internal processes and external offerings, they have a massive impact on the people within businesses.
In her latest article for CIO WaterCooler, Crimson’s Head of Recruitment Sales Louise Clarke has addressed which types of organisations need CDOs and which don’t.
Over the last 12 months, the consultants within Crimson’s IT recruitment agency noticed the emergence of several ‘digital’ job titles in the marketplace, which include Chief Digital Officers (CDOs), Digital Programme and Project Managers, Digital Business Analysts, and Digital Architects. Keen organisations have created these roles in the process of capitalising on new digital opportunities - opportunities being major digital transformation projects.
Business models for the disruptions differ due to a number of factors, including;
Caisha Sheikh, Crimson's Lead Consultant for Senior Appointments, has outlined the major challenges for CIOs.
As part of our latest campaign, in the build-up to the Crimson Innovation Conference, our team have been addressing the questions around 'Enabling Digitisation' in 2016.