Lenovo Examine: A few in Five CIOs Would Exchange 50 percent or Much more of Their Latest Know-how If Supplied Prospect

RALEIGH, N.C.–(Business WIRE)–A new world-wide investigate study from Lenovo1 reveals how the CIO job has evolved, shedding mild on increasing spots of duty and growing impact in the C-Suite, as very well as getting rid of barriers to company growth.

Currently, know-how is the anxious system that connects corporate tactic, finance, innovation, operations, and expertise. CIOs are progressively tasked with connecting with key stakeholders across the group to assure alignment and push execution. With IT enmeshed in every single facet of a small business, CIOs believe that that their companies must go on to invest in electronic transformation to continue to be pertinent. Vital results from Lenovo’s worldwide survey of a lot more than 500 CIOs contain:

  • Almost all CIOs surveyed feel their roles have developed and expanded in the previous couple of years, and that they are remaining requested to make business enterprise selections that go significantly over and above technological know-how.

    • 9-in-10 CIOs say that their roles and responsibilities have expanded over and above technological innovation, together with non-regular areas these types of as facts analytics and business enterprise reporting (56%), sustainability/ESG (45%), DE&I (42%), HR/expertise acquisition (39%), and gross sales/advertising and marketing (32%).
    • 82% say the CIO purpose has grow to be much more difficult compared with just two a long time in the past as they are confronting a broad array of special troubles, from the increasing use of AI and automation to expertise acquisition in a worldwide, remote workforce.
    • CIOs obtain it most hard to remedy issues linked to knowledge privateness/stability (66%), cybersecurity/ransomware (66%), maintaining up with technological adjust (65%), taking care of fragmented IT vendor ecosystems (61%) and adopting/deploying new technology (60%).
  • The bulk of CIOs imagine their function in the corporation has elevated in affect.

    • A lot more than 3-in-4 CIOs say they have a greater effect on their company’s over-all fortunes than other C-Suite positions.
    • 88% concur that “my purpose as CIO is the most essential ingredient of my firm or organization’s continued procedure.”
  • As the CIO purpose expands and evolves, respondents say that their know-how distributors engage in an invaluable position in their company’s over-all achievements.

    • Business enterprise would experience an effects in no much more than a several weeks if they halted shelling out on digital transformation initiatives, in accordance to 61% of respondents. This speaks to technology’s function as a crucial part of the small business, not just a source of price efficiencies.
    • On the lookout ahead, CIOs expect to convert to their sellers to enable them solve myriad difficulties in the following five many years, including growing their organizational agility (60%) and providing stability of their company’s devices and operations (52%), as well as to simplify the configuration, deployment and maintenance of technology (50%), and improve charges (43%).
    • 8-in-10 CIOs concur their tech distributors are “so efficiently built-in that it improves [their] over-all productivity.”
  • Looking at their new difficulties and evolving obligations, CIOs recommend their present-day tech stack has considerably area for improvement.

    • Supplied the chance to reboot from scratch, most CIOs (57%) say they would replace fifty percent or more of their company’s present technological innovation.
    • As opposed to the former year, 63% of businesses are working with extra Unit-as-a-Services in their tech stack.
    • As company designs modify, just about all CIOs (92%) would surely or almost certainly think about introducing new aaS choices around the next two a long time.

“Modern CIOs are the ‘mission control’ for their corporations their job has reworked dramatically in just the span of the past 24 months,” explained Ken Wong, President, Lenovo Alternatives and Providers Group. “From navigating elaborate tech ecosystems to preserve up with the pace of digital transformation, to upskilling workers and controlling a international lack of IT talent, today’s CIO is accountable for the whole technology value chain and outside of. Lenovo’s investigation demonstrates CIOs are up for the problem. And they are seeking to spouse with their vendors to convey their corporations alongside and do well.”

Study company Global Knowledge Corp. estimates that by 2023, 60% of CIOs at corporations world-large will be principally calculated for their means to cocreate new enterprise styles and revenue streams, chiefly through company-extensive collaboration2. Still Lenovo’s personal analysis reveals that it might be an uphill struggle for CIOs, who have determined areas such as knowledge privateness/security, cybersecurity/ransomware and controlling a fragmented IT seller ecosystem as their most challenging problems.

“In this advanced technological natural environment, CIOs want to innovate, not regulate IT. As Lenovo’s research highlights, CIOs glimpse to their technologies sellers outside of just providing the fundamental principles properly – namely, boost organizational agility, simplify configuration, and enhance expenses. IT leaders also will need counsel and steerage on how rising technology can enhance their organization goals. The opportunities for technologies to insert real business value – right throughout the organization – are enormous,” included Mr. Wong.

To deal with an significantly sophisticated electronic transformation journey, businesses require simple and flexible IT alternatives. Lenovo’s alternatives deliver corporations the breadth of Every little thing-as-a-Assistance choices in Lenovo TruScale the adaptability to shell out for the infrastructure options they require, as extended as they need to have and the depth in our skills and expert services that empowers CIOs to focus additional on their strategic imperatives. Companies of all measurements need to have the flexibility to stay competitive, and a scalable, cloud-like option product is the respond to.

Field forecasts by Technologies Company Investigation indicate that Device Membership Providers are growing at a CAGR of 26% from 2020 to 2024 and details center subscription providers are developing at 42% all through the exact interval.3 As-a-Provider answers offer mission-crucial guidance and expert services, enabling enterprises to use technological innovation to scale speedily, reduced prices, and enjoy better efficiencies. With its versatile and very simple offerings, Lenovo has served corporations from the instruction to aerospace sectors improve the proper technology with the possible to completely transform and long term-evidence their functions.

The comprehensive examine is accessible at Lenovo Tech Right now.

About Lenovo SSG Worldwide Analyze of CIOs

Fieldwork for this study was conducted by means of a quantitative survey from December 6, 2021 to December 21, 2021, amongst a full of 525 worldwide CIOs. The survey sample comprised of a in the vicinity of equal amount of respondents from every single sector: Brazil, China, Japan, Singapore, the United Kingdom and the United States. Respondents bundled CIOs of organizations and companies with at the very least 250 complete staff members.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion earnings Fortune World 500 business serving clients in 180 markets around the entire world. Targeted on a daring eyesight to deliver smarter technological know-how for all, we are establishing world-altering technologies that electric power (via units and infrastructure) and empower (via answers, companies and software package) tens of millions of shoppers each individual working day and with each other create a additional inclusive, reputable and sustainable electronic culture for everyone, in all places. To locate out additional go to https://www.lenovo.com and study about the latest news by using our StoryHub.

1 The world study was commissioned by Lenovo and carried out by Zeno Group. It surveyed 525 CIOs throughout the United States, United Kingdom, Brazil, Singapore, China, and Japan. The exploration was carried out in December 2021.

2 IDC FutureScape: Around the globe CIO Agenda 2022 Predictions, Doc # US48297821, Oct 2021

3 Technological innovation Organization Exploration (TBR), Hardware Subscription Expert services Current market Landscape, Third Calendar Quarter 2021