Enterprise IT trends 2014: the CIO perspective
The results of the Enterprise IT Trends and Investment Survey 2014 provide insights into various IT initiatives taken by the CIOs and the proposed investment plans. The CIO of 2014 is optimistic and looking forward to making significant investments for the development of IT and new solutions to achieve business expansion and customer satisfaction.
The survey results are summarized based on the responses from over 200 CIOs across India. The 2014 survey results clearly indicate that respondents have voted the following categories as the leading influencing factors for IT this year:
- Business expansion
- Emerging technologies
- Internal organizational/process change
- Top three priorities for key business drivers for IT by industry sector:
- IT risk universe: 45% of respondents see continuous availability of critical IT resources as their top IT risk (65%) which would be a significant focus area for CIOs in the coming years.
- IT risk across sectors: For the banking and financial services sector (FS), continuity is equally important as security and privacy (29% versus 25%), whereas for telecom, media and technology (TMT) sector organizations, staffing concerns (e.g., loss of key IT resources, inability to recruit IT staff) outweigh those as seen in all other sectors (TMT is at 13% versus financial services at 0% and average across all sectors is at 8%).
- Factors driving IT investments: 72% of respondents believe business expansion will drive IT investments while 39% of respondents think that macroeconomic uncertainties will impact their IT investments and priorities.
- Social media, enterprise mobility, data analytics and cloud (SMAC): Cloud computing and IT consolidation are seen as the forerunners with nearly 56% of respondents indicating it as their foremost priority for the upcoming year; Business Intelligence, Analytics and Big Data come second at 34%; Enterprise mobility is at 25%; and social media is lagging behind at 9%.
- Information security: Information security with a share of 18% respondent votes for top priority in FY14–15. Security has consistently taken CIO’s mindshare as one of the key priorities for last six years.