Recently, IBM conducted their first Global Chief Information Officer Study. For this study, 2598 CIOs from 78 countries,19 different industries and organizations of all sizes were interviewed face-to-face and the results of the survey have been released in September 2009.
83% of attending CIOs plan to improve their business intelligence and analytics solutions to enhance their business competitiveness. The main reason for this is the ability to better see patterns in their huge amount of data stored in ERP and other data bases.
This result is really informative, as the survey is the largest face-to-face survey ever conducted with CIOs around the world. With new (smaller) BI players in the market, prices for excellent business intelligence tools came down substantially and are now affordable for any company, small or large, even if you have to work within a tight budget. It is not a matter whether you can afford a business intelligence and analytics system, it is simply essential for the success of your company to either buy or build one, or improve what you already have.
The result of the survey clearly show the increasingly strategic role that CIOs are playing as IT leaders and drivers of innovation and financial growth. As CIOs from 78 different countries and 19 industries attended, this survey really represents the true global aspect of the influence of CIOs and their priorities. The study is titled”The New Voice of the CIO”
CIOs want to provide tools to help improve decision-making at all levels of their corporation said Pat Toole, CIO of IBM. They understand that only better analytics and business intelligence broadly used in their company can be the key to explore new growth markets.
Apart from their top priority for data analytics, the survey shows that data reliability and security are of raising concern for the CIOs. 71% of the interviewed CIOs. are planning to make additional investments in risk management and compliance.
CIOs are increasingly recognized as full members of the senior executive team. They are more actively engaged in helping to set strategies and solving business problems, not only IT related problems.
So, using IT to produce greater business value is vital, bundled with an ongoing focus on lower cost and higher efficiency. This is why an improved business intelligence solution combined with a great analytics tool with excellent visualization is so important.
Herbert Schoenek has been a leader in the Business Intelligence industry for 28 years. He was involved in several hundreds of BI implementations in many different countries. His latest Business Intelligence offering is called BDA and this is exactly the right solution for the current economy as it is inexpensive, fast to implement and very easy to use. Register for a Product-Demo today.
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