(WebWire) 6/19/2007 8:20:39 PM
According to a global study just unveiled by IBM (NYSE: IBM), the role of the Chief Information Officer (CIO) is evolving beyond just technology and computing support to strategy creation and business transformation. According to the IBM CIO Leadership Forum Survey, 84 percent of CIOs believe that technology is significantly or profoundly transforming their industries, yet only 16 percent feel their companies are taking full advantage of IT’s potential. IBM found that the state of business and technology points to the need for change in how technology is integrated into the core business.
Research also indicates the relationships required between the CIO and the Chief Executive Officer (CEO), to ensure that the IT organization continues to drive business innovation and growth. According to IBM’s 2006 Global CEO Study extensive integrators were growing revenue 5 percent faster than their competitors. CEOs who extensively integrated business and technology reported greater customer satisfaction, speed and flexibility than their less integrated peers.
The IBM CIO Leadership Forum Study(1) was conducted with more than 170 CIOs from leading companies around the world and highlights the increasingly strategic role that technology and the CIO play in generating innovation and growth for their companies.
Additionally, according to comprehensive research conducted among Chief Executive Officers -- the IBM Global CEO Study(2) of 750 CEOs -- most companies face a gap in their integration of business and technology, impeding customer satisfaction, speed and flexibility. Nearly 80 percent of the CEOs interviewed rated business and technology integration of great importance, however only 45 percent felt that the two were integrated to a large extent in their enterprise. Interestingly, "extensive integrators" reported revenue increases three times as often as companies that were less integrated; with that group growing revenue 5 percent faster than their competitors.
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