Nearshore Americas
CIOs pressure

CIOs Under Pressure Due to Technology Rise

Chief information officers (CIOs) are feeling stressed these days, as their business owners are increasingly relying on them to boost revenue, according to a study by Logicalis.

With the talent shortage worsening and the technology changing with each passing day, the IT leaders are struggling to prove that their company’s investment in IT is worth the cost.

In the meantime, the fears of losing data and cyber attacks have continued to keep them awake at night.

Around 43% of CIOs are now measured on their contribution to revenue growth. In 2018, this figure was at 35%, says Logicalis.

While CIOs are expected to help their company generate more revenue, they are still dealing with day-to-day tasks, such as cybersecurity, compliance, business continuity, and other large-scale projects.

In the survey, CIOs said they were spending 25% of their time on securing data and 30% on maintaining IT infrastructure.

Many IT leaders have said that there finding little time for innovation as they are busy drawing up a strategy for business growth.

The pressure at the workplace is having its toll on their personal lives.  Almost 50% of respondents said their job satisfaction has decreased in the past 12 months.

The fact is companies have realized that technology is the perfect tool to inject competency and efficiency into their business operations, but they are far away from supporting CIOs with necessary resources.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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