Accomplishing multiple strategic objectives through a single vision and investment is key — especially when digital investments are lean and desired business outcomes are broad. Credit: Shutterstock / Foto-Ruhrgebiet Many CIOs will face a challenging year grappling with growing pressure from transformation initiatives, weekly layoff announcements, and the prospect of a recession. While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% in 2023. Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months. The message to CIOs is to do more with less, and the implication is that CIOs must look at digital transformation initiatives differently than in years past. Speed of delivery was the primary objective during the years leading into the pandemic, and CIOs looked to improve customer experiences and establish real-time analytics capabilities . During the pandemic, speed remained a priority as CIO shifted to automate workflows and improve employee experiences . But 2023 is shaping up to be paradoxical, and after speaking to hundreds of CIOs over the past couple of years, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
