CIO focus shifts to driving revenue instead of cutting costs

Organizations are increasingly encouraging IT departments to focus on projects that make money instead of projects that cut costs, according to a survey conducting by KPMG and recruiting firm and IT outsourcing provider Harvey Nash.

The Wall Street Journal reported the results of the survey, which collected responses from more than 3,300 CIOs and technology leaders. 

The survey found 63 percent of CEOs have their CIOs undertaking projects that drive revenue, while 37 percent of CEOs want their CIOs to work on projects that save money.

These results indicate the shift in IT's overall role in an organization. "Technology and methodologies have been developed that reduce the angst, their reaction time and the focus on keeping the lights on and the applications running," Bob Miano, president and CEO of Harvey Nash USA, said in the WSJ report.

More articles on CIOs:

A third of CIOs say digital disruption is occurring right now within their organizations 
Why the right CIO enables the 'perfectly friction-less business' 
Shared credentials in Epic v. Tata case is 'every CIO and CISO's nightmare' 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months