IT Priorities Report
(and holding back)
Welcome to the third annual IT Priorities Report where we identify the trends, review the current landscape and understand the challenges or opportunities that have defined CIOs’ and IT leaders’ priorities for this year and next.
How are IT leaders rallying to deliver on a trifecta of competing priorities (between cost, risk and innovation) while driving the business forward, avoiding fatigue and managing a volatile market? Let’s take a look.
CIOs are overconfident in their ability to navigate uncertainty
A series of conflicting priorities around cost, risk and innovation are the defining theme among IT leaders closing out 2022 and entering 2023. But lingering issues are creating barriers to addressing pain points such as a lack of visibility and an overwhelming amount of data.
One thing is certain in the findings: having a complete picture of your technology investments is no longer a luxury. It is imperative.
turn their data into actionable intelligence
IT leaders face a data deluge
The Snow 2023 IT Priorities Report polled 800 IT leaders from the United States, United Kingdom, Germany and Australia, and found that 80% said that the global economic uncertainty had caused them to rethink their IT strategy. However, IT leaders find themselves overwhelmed by the data available to best chart their path forward.
CIOs face role changes
but risk burnout
Many CIOs and IT leaders reported continued positive shifts in their roles including being a trusted advisor, no longer considered a one-stop shop for technology and having more accountability for the impact of IT investments. However, 85% of IT leaders are being asked to innovate faster and demonstrate ROI from their business partners.
CIOs continue managing a heavy load among strong economic headwinds and high expectations.