With expectations to innovate higher than ever, IT leaders must ensure they have the right culture, skills, and alignment with business value when pursuing innovative IT initiatives. Credit: Gorodenkoff / Shutterstock Years into digital transformation, and decades into the IT function itself, many CIOs still fall short when it comes to innovation. Tech debt, budget constraints, and overloaded staff schedules are among the top reasons IT leaders cite for scuttled innovation attempts. Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. And 83% of leaders surveyed for tech company Lenovo’s 2023 Global Study of CIOs said they were concerned that they’ll have insufficient funds to properly invest in innovation and transformation. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Moreover, only 54% of companies have a clear innovation strategy, according to a 2023 report on innovation from consulting firm Protiviti , with 41% still developing one and 5% having neither a strategy nor plans to create one. Those figures come as CIOs more than ever are expected to innovate, with 43% […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
