CEOs are increasingly focused on integrating new technologies into their business models to drive growth. Two-thirds of technology leaders report directly to the CEO, highlighting the growing importance of the CIO role. It is crucial for CIOs to possess both technological and business skills to drive innovation and create value through emerging technologies.

Forrester predicts that employment protection initiatives instituted during the pandemic will diminish incentives and further delay CIOs’ plans for automation across Europe. This is despite the fact that 76% of European organizations are already underprepared for automation compared to 65% in Asia Pacific and 73% in North America.

Gartner, Inc. recently revealed seven digital disruptions that organizations may not be prepared for. These include several categories of disruption, each of which represents a significant potential for new disruptive companies and business models to emerge.

Despite 95 percent of CIOs expecting cyberthreats to increase over the next three years, only 65 percent of their organizations currently have a cybersecurity expert, according to a survey from Gartner, Inc. The survey also reveals that skills challenges continue to plague organizations that undergo digitalization, with digital security staffing shortages considered a top inhibitor to innovation.

With personnel accounting for more than 40 percent of the typical IT operational budget, properly allocating personnel time and expenses to projects, tasks, or service delivery is vital for managing IT costs and pricing IT services. Nevertheless, many organizations do not keep track of where IT personnel are spending their time, according to a new report by Computer Economics.