Indian CIOs are keen to capitalize on futuristic technologies for enterprise transformation, according to EY-CIO Klub survey.
CIO survey highlights
# 83% of the CIO respondents indicated that they wish to invest in futuristic technologies
# 75% foresee organizational agility being a challenge in implementing new technologies
# 75% highlight cybersecurity risks, especially due to lack of employee awareness and training
# 74% indicate that skill gaps could pose a hurdle in new technology adoption
# 68% are concerned that existing technologies could become obsolete
# 60% view disruption as a competitive threat
# 58% anticipate high investment costs in deploying new technologies
Last year’s survey indicated that CIOs were leveraging SMAC (social, mobile, analytics and cloud) as a vehicle for enterprise transformation.
This year’s survey responses indicate the rise of a second wave of digital disruption. Specifically key trends like the Internet of Things (IOT), Robotic process automation (RPA), Blockchain, Artificial Intelligence (AI) and Virtual Reality (VR) have piqued the interest of CIOs.
“Disruptive business models and the digital transformation of businesses across the globe are forcing organizations to reimagine the role of their IT functions to stay competitive and in some cases, to stay relevant,” said Nitin Bhatt, partner and national risk advisory leader, EY India.
The survey indicates that Indian CIOs are on the look-out for futuristic technologies to challenge the status-quo, cut costs, boost revenues, generate process efficiencies and facilitate the development of new products and services.
