Security News > 2023 > June > CIOs prioritize new technologies over tech stack optimization

48% of CIOs are more likely to prioritize innovation in new technologies over optimizing their current tech stack.

"The job of the CIO has never been more demanding, and the findings indicate they are taking increasing risks in response. The more complex the technology landscape, the more challenging it is for the CIO to enact organization-wide digital transformation and prioritize initiatives and investments that will deliver business outcomes," said Ken Wong, President of Lenovo Solutions and Services Group.

While one in five CIOs expect their IT budgets to increase by more than 10% in the next 12 months, 59% expect their budgets to only increase from 1% to 10%. To mitigate potential risks, CIOs are hyper-focused on ensuring that their tech stack and teams are becoming more agile and resilient.

It comes as no surprise that CIOs are turning towards "As a Service" offerings for their tech stacks.

A pay-as-you-go consumption model - from procurement to deployment and management of infrastructure to hardware and licensing - empowers CIOs and IT teams to focus on innovation or more strategic imperatives, a benefit that most CIOs are aware of.

92% of CIOs are considering adding new aaS solutions to their tech stacks over the next two years.

News URL

https://www.helpnetsecurity.com/2023/06/08/cios-innovation-investment-challenges/