June 23, 2024


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Lenovo Analyze: 3 in 5 CIOs Would Substitute Half or A lot more of Their Latest Know-how If Provided Possibility

RALEIGH, N.C.–(Business enterprise WIRE)–A new global analysis study from Lenovo1 reveals how the CIO purpose has evolved, shedding light-weight on developing regions of responsibility and increasing affect in the C-Suite, as perfectly as taking away limitations to enterprise progress.

Today, technological innovation is the anxious program that connects corporate strategy, finance, innovation, operations, and talent. CIOs are increasingly tasked with connecting with crucial stakeholders across the business to ensure alignment and generate execution. With IT enmeshed in every single aspect of a small business, CIOs think that their companies should carry on to invest in electronic transformation to keep on being suitable. Important findings from Lenovo’s world survey of much more than 500 CIOs include:

  • Almost all CIOs surveyed believe their roles have progressed and expanded in the previous couple of decades, and that they are being questioned to make company choices that go much further than engineering.

    • 9-in-10 CIOs say that their roles and responsibilities have expanded past technologies, which includes non-common locations this kind of as knowledge analytics and small business reporting (56%), sustainability/ESG (45%), DE&I (42%), HR/talent acquisition (39%), and product sales/promoting (32%).
    • 82% say the CIO role has grow to be far more challenging in comparison with just two several years in the past as they are confronting a extensive array of exclusive issues, from the rising use of AI and automation to expertise acquisition in a worldwide, distant workforce.
    • CIOs come across it most hard to clear up troubles connected to facts privacy/stability (66%), cybersecurity/ransomware (66%), preserving up with technological modify (65%), managing fragmented IT seller ecosystems (61%) and adopting/deploying new technological know-how (60%).
  • The the greater part of CIOs think their role in the organization has increased in influence.

    • Extra than 3-in-4 CIOs say they have a higher influence on their company’s in general fortunes than other C-Suite positions.
    • 88% agree that “my function as CIO is the most critical element of my business or organization’s ongoing procedure.”
  • As the CIO function expands and evolves, respondents say that their engineering distributors enjoy an priceless job in their company’s general success.

    • Business would truly feel an effect in no a lot more than a number of weeks if they halted paying out on electronic transformation initiatives, in accordance to 61% of respondents. This speaks to technology’s role as a essential component of the enterprise, not just a supply of price tag efficiencies.
    • Seeking in advance, CIOs be expecting to flip to their sellers to help them remedy myriad troubles in the subsequent 5 decades, such as increasing their organizational agility (60%) and providing protection of their company’s devices and functions (52%), as perfectly as to simplify the configuration, deployment and routine maintenance of know-how (50%), and improve expenses (43%).
    • 8-in-10 CIOs agree their tech sellers are “so efficiently integrated that it raises [their] total productiveness.”
  • Considering their new troubles and evolving duties, CIOs suggest their recent tech stack has a great deal place for enhancement.

    • Specified the prospect to reboot from scratch, most CIOs (57%) say they would substitute fifty percent or more of their company’s present know-how.
    • As opposed to the earlier year, 63% of providers are utilizing far more Device-as-a-Service in their tech stack.
    • As enterprise products change, just about all CIOs (92%) would unquestionably or likely think about incorporating new aaS offerings about the following two yrs.

“Modern CIOs are the ‘mission control’ for their companies their position has transformed considerably in just the span of the earlier 24 months,” stated Ken Wong, President, Lenovo Solutions and Services Team. “From navigating advanced tech ecosystems to keep up with the pace of electronic transformation, to upskilling workforce and taking care of a global shortage of IT talent, today’s CIO is accountable for the entire technological innovation worth chain and beyond. Lenovo’s analysis demonstrates CIOs are up for the problem. And they are searching to partner with their vendors to carry their businesses along and triumph.”

Analysis organization Worldwide Information Corp. estimates that by 2023, 60% of CIOs at firms globe-broad will be mostly measured for their capacity to cocreate new enterprise versions and revenue streams, chiefly by way of business-wide collaboration2. Nevertheless Lenovo’s very own analysis demonstrates that it could be an uphill battle for CIOs, who have recognized locations these as data privateness/safety, cybersecurity/ransomware and running a fragmented IT seller ecosystem as their most challenging considerations.

“In this complex technological environment, CIOs want to innovate, not control IT. As Lenovo’s study highlights, CIOs look to their technology suppliers further than just delivering the basics very well – particularly, maximize organizational agility, simplify configuration, and enhance expenses. IT leaders also require counsel and steerage on how rising technology can enrich their organization goals. The opportunities for technological innovation to add authentic company benefit – suitable across the organization – are enormous,” added Mr. Wong.

To handle an more and more elaborate electronic transformation journey, corporations require very simple and adaptable IT methods. Lenovo’s remedies deliver companies the breadth of Every little thing-as-a-Service choices in Lenovo TruScale the overall flexibility to pay for the infrastructure answers they want, as prolonged as they need and the depth in our know-how and providers that empowers CIOs to concentrate much more on their strategic imperatives. Firms of all sizes require the versatility to continue to be aggressive, and a scalable, cloud-like option product is the answer.

Industry forecasts by Engineering Business enterprise Investigate show that Unit Membership Expert services are increasing at a CAGR of 26% from 2020 to 2024 and knowledge heart subscription services are expanding at 42% for the duration of the exact period.3 As-a-Services alternatives present mission-crucial assistance and solutions, enabling businesses to use technologies to scale swiftly, reduce expenses, and reap increased efficiencies. With its flexible and basic offerings, Lenovo has assisted corporations from the education to aerospace sectors enhance the suitable technological know-how with the probable to change and potential-evidence their functions.

The entire analyze is offered at Lenovo Tech These days.

About Lenovo SSG World-wide Analyze of CIOs

Fieldwork for this study was done by way of a quantitative study from December 6, 2021 to December 21, 2021, amongst a overall of 525 worldwide CIOs. The survey sample comprised of a close to equal number of respondents from every industry: Brazil, China, Japan, Singapore, the United Kingdom and the United States. Respondents included CIOs of businesses and organizations with at minimum 250 overall workers.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion income Fortune World wide 500 business serving buyers in 180 marketplaces close to the environment. Centered on a daring eyesight to produce smarter technological know-how for all, we are establishing entire world-switching technologies that electrical power (by means of gadgets and infrastructure) and empower (as a result of remedies, services and computer software) hundreds of thousands of consumers every working day and collectively make a extra inclusive, reliable and sustainable digital society for absolutely everyone, almost everywhere. To discover out much more take a look at https://www.lenovo.com and examine about the most up-to-date information via our StoryHub.

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

2 IDC FutureScape: Worldwide CIO Agenda 2022 Predictions, Doc # US48297821, October 2021

3 Technology Organization Research (TBR), Components Subscription Expert services Market place Landscape, 3rd Calendar Quarter 2021