More than three-quarters (76%) of senior IT leaders in the UK, France and Germany feel more personal risk when making decisions than they did five years ago because of IT’s increasingly central role in businesses
The new study commissioned by Colt shows CIOs are taking an increasing role in the strategy of the business, but this new role sits uncomfortably with the experience CIOs have.
The survey found that their job is polarising into decisions that have a personal risk and those that affect the company. For example creating the business case for change is more important for the company than the career of the CIO – 35% ‘company’ risk against 28% ‘personal’ risk, whereas selecting the right team and skills is considered key to personal success – 39% ‘company’ risk against 48% ‘personal’ risk.
The study also shows that the majority (73%) of CIOs believe the personal risk they experience is mitigated when working with a team they trust. Trust is also very important when dealing with external teams, as the majority of respondents (85%) believe technology issues are sometimes inevitable.
Carl Grivner, EVP at Colt said: “The advent of digitalisation and changing role of IT are clearly having an effect on the personal risk IT leaders experience. Playing such a pivotal role in the overall success of the company, IT leaders know that the boardroom has eyes on the key moments that will determine their success.”
“But this increased responsibility also means CIOs feel more vulnerable than five years ago. They are facing a new set of challenges – their ability to drive change and innovate will determine the success of the business and ultimately make or break their career. Building a team with the right skills and working with trusted suppliers that know the business inside out, will allow the CIO to take this weight off their shoulders and make the decisions that matter most to their careers.”
This survey backs up another recent survey by Colt It’s the IT moments that matter which showed that the defining moments in the CIOs career are now these new strategic decisions rather than day-to-day performance.