Investment in new technology is growing faster today than at any time
since 2006 as business confidence returns and companies act fast to play
catch up on their digital offering, according to the Harvey
Nash 2014 CIO Survey. As organizations ramp up their investment in
digital, mobile and online, almost two-thirds of companies report that a
lack of access to the right technology talent is holding back their
Seven percent of organizations now employ Chief Digital Officers, a
position that until recently did not exist, rising to 16 percent for
companies with technology budgets of $100 million and over. CIOs are now
less likely to have a direct role in shaping the digital strategy, with
50 percent playing an active role in 2014, down from 56 percent last
year. 40 percent of Chief Digital Officers report to the CEO, 22 percent
report to the CIO and 16 percent report to the CMO.
"The Chief Digital Officer role is emerging as the new position to drive
company growth by converting traditional business to digital, especially
in sectors like advertising, marketing, information services, mobile
applications and media," said Harvey Nash Inc. President and CEO Bob
Miano. "The Chief Digital Officer will most certainly continue to impact
the CIO as its influence grows."
The 16th annual global Harvey Nash CIO Survey represents the
views of more than 3,200 Chief Information Officers (CIOs) and
technology leaders from across more than 30 countries, with a combined
technology spend of over $160 billion. The Survey is one of the largest
and most comprehensive polls of technology leaders in the world.
"After six years of sluggish activity, this report clearly shows that
2014 is a watershed year," said Dr Jonathan Mitchell, chairman of Harvey
Nash's global CIO practice. "CIOs and Technology leaders are seeing
growing budgets and growing prominence in their organization as CEOs are
turning to technology to drive growth. However, significant challenges
lie ahead. This year has seen a worrying increase in the number of
leaders citing concerns about skills shortages. To be successful,
organizations will not only need a clear technology strategy, but they
will also need the right people to deliver it."
Technology budgets are growing as Chief Executives increasingly favor
investing for growth over cost reduction and efficiencies. Newly created
roles within companies are evolving to lead digital growth, such as the
emergence of the Chief Digital Officer and the increasing influence
Chief Marketing Officers have over technology related spend.
Concern about the skills shortage is up 15 percent from last year
(global average). In Asia, for example, the problem is particularly
acute. Retaining, developing and acquiring the skills to drive the
growth program are now major priorities for leaders all over the world.
U.S. Compared to Global Average
Compared to the global survey findings, the United States results vary
slightly in several categories:
About the Survey
The Harvey Nash 2014 CIO Survey collected data between 6th January and
19th April 2014 and represents the views of 3,211 technology leaders
from more than 30 countries, with a combined IT spend of $160 billion.
Of the respondents, 34 percent identified themselves as CIOs, 8 percent
as CTOs, 36 percent as director/VP in technology and the remaining 22
percent were spread across a broad range of other roles including CEOs
and COOs. For more information about the survey and to request a full
copy of the results, please visit www.harveynash.com/ciosurvey
or email firstname.lastname@example.org.
About Harvey Nash Inc.
Harvey Nash Inc. is the U.S. division of the Harvey Nash Group, a global
professional recruitment firm and IT outsourcing service provider,
traded on the London Stock Exchange since 1997. Harvey Nash has helped
over half the world's leading companies recruit, source and manage the
highly skilled talent they need to succeed in an increasingly
competitive, global and technology-driven world. With 7,000 experts in
40 offices across Europe, Asia and North America, Harvey Nash has the
reach and resources of a global organization, and it fosters a culture
of innovation and agility that empowers all employees across the world
to respond to constantly changing client needs. Harvey Nash Inc. works
with clients, both big and small, to deliver a portfolio of services: IT
recruitment, IT outsourcing/offshoring and executive search. To learn
more, please visit www.harveynashusa.com.
Follow us: www.twitter.com/harveynashusa
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