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For solution providers, the recently released 2017 Harvey Nash/KPMG CIO Survey has both good news and bad — and even the bad news is good!

First, the good news: Nearly 90 percent of the CIOs surveyed said their organizations are either maintaining or ramping up investments in innovation, including digital labor. And more than half (52%) said they’re investing in more nimble IT platforms.

That’s good news, for sure. More investment, more innovation and more nimble technology can only lead to bigger and better things for solution providers. More offerings equal more opportunities.

The bad news? Cybersecurity vulnerability is at an all-time high. Nearly one-third of IT leaders (32 percent) reported that their organizations have been subjected to at least 1 major cyberattack in the last 2 years. That’s a whopping 45 percent increase from 2013.

But that’s also a cybersecurity opportunity for solution providers. After all, only one in five CIOs (21%) said they’re “very well” prepared to respond to these cyber attacks. Flip that around, and you’ll see that nearly 80 percent of CIOs could use your cybersecurity help.

Same deal with the supply of talent. Six in 10 of the CIOs surveyed said there’s a shortage of skilled IT staff out there. With this being the 4th consecutive year in which more than half the CIOs surveyed reporting IT skills shortage, Harvey Nash/KPMG asks whether a permanent IT-skills shortage is the “new normal.” If so, that’s a gap that solution providers are prepared to fill.

Size Matters

The CIO survey also found that IT priorities can vary by an organization’s size. CIOs at small organizations — those with annual IT budgets of less than $50 million — said their top priorities are (in order): consistent and stable IT, increasing operational efficiencies, improving business processes, saving costs, and new products and services.

By contrast, CIOs at large organizations — those with annual IT budgets in excess of $250 million — ranked their tech priorities differently. For them, the top priority was saving costs. It was followed (in order) by increasing operational efficiencies, consistent and stable IT, and new products and services

FYI, the 2017 Harvey Nash/KPMG CIO Survey was conducted between Dec. 2016 and this past April, and it obtained responses from nearly 4,500 CIOs and technology leaders in 86 countries. So there’s a good representative cross-sampling here, and the results deserve your attention.

Harvey Nash and KPMG logos

To learn more, download the full Harvey Nash/KPGM report: Navigating Uncertainty: CIO Survey 2017 (PDF).

 

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Blog Category: 
Advanced Technologies