New Study Shows Chief Information Officers Now Have Ultimate Control of Organizational Budgets and Strategies

Rhea-AI Summary

Citrix research indicates that CIOs have become pivotal in shaping business strategy, controlling budgets, and leading technology transformation within organizations. The study, involving 3,300 global business leaders, found that 67% believe CIOs are second only to CEOs in strategy influence, while 64% assert they manage the majority of organizational budgets. However, 67% of tech leaders face challenges with legacy systems and technical debt, complicating their roles as change agents. The findings highlight the need for CIOs to adapt and embrace their evolving responsibilities effectively.

Positive

• 67% of leaders say CIOs are now second only to CEOs in shaping business strategy.
• 64% of leaders believe CIOs control the majority of organizational budgets.
• 73% of business leaders value having a future vision as crucial for tech leadership.

Negative

• 67% of C-level tech leaders report legacy systems and technical debt as significant challenges.
• 46% of tech leaders are delaying retirement due to a lack of suitable replacements.
• 60% of CIOs are burdened with ensuring employees have necessary tech resources, impacting strategic focus.

Today’s Chief Information Officers viewed as ‘de facto Chief Operating Officers,’ responsible for business operations and direction

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- CIOs now control the majority of organizational budgets and are second only to the CEO in terms of shaping and delivering business strategy, research from Citrix®, a business unit of Cloud Software Group, has found. The study was based on interviews with 3,300 business leaders working in large- and mid-market businesses across the globe.

Shaping Strategy

As companies strive for success against a difficult economic backdrop, they are looking to tech leaders to act as strategic business partners. According to the data:

• 67% of business leaders say the CIO is now second only to the CEO in terms of shaping and delivering the business strategy.
• 64% of business leaders say the CIO has control of the majority of their organization’s budget.
• 73% of business leaders believe that having a vision for the future is important for being a successful tech leader in today’s working world.

The study reveals that CIOs are increasingly responsible for other aspects of business too, from regulation and compliance to ESG performance. This ever-broadening remit comes with the need for new skills and attributes, with emotional intelligence now considered one of the most essential qualities to being a successful tech leader in today’s working world.

Infrastructure Challenges

The research also shows, however, that despite this broadening remit, in practice many CIOs are still tied up with infrastructure: 67% of C-level tech leaders (1,100 respondents) say legacy systems and technical debt are a significant challenge in their role.

CIOs and other C-suite tech leaders are also navigating talent shortages and a looming vacuum at the top. Almost half (46%) of C-level tech leaders are delaying their retirement because they fear there is nobody to replace them. This fear makes sense in light of their current responsibilities, as 60% say their role involves ensuring everyone in the organization has the tech they need to work effectively, and half say that they are involved in tech troubleshooting for employees. While the role is evolving, more work needs to be done to ensure CIOs are able to prioritize the higher-level business strategy work required of future IT leaders.

“Businesses are in a state of flux, and CIOs are right at the center. CIOs are expected to be agents of change but are still caught up with legacy infrastructure and transformation projects,” said Sridhar Mullapudi, General Manager, Citrix, a business unit of Cloud Software Group. “Additionally, they must play a key role in navigating the current talent crisis, both by providing tools to maximize employee productivity and by leading automation projects.”

Therefore, today’s tech leaders find themselves caught between a ‘traditional’ CIO role – gatekeeping infrastructure and managing digital transformation projects – and a ‘transitional’ role – defining and refining workplace technology and driving business strategy.

Today’s CIOs are responsbile for technology transformation to supercharge tomorrow’s world of work. The hardest part of that role is managing the introduction of new, game-changing technologies without losing the value of existing systems currently powering the business. Successful CIOs will invest in infrastructures that help them both manage the past and prepare for the future, as tech leadership is now intrinsically tied to organizational success, and CIOs must adapt to their role as change agents.

Find the full Future-Fit Leader report here.

About the study

In 2022, Citrix, in partnership with Man Bites Dog, ran an independent opinion research study with Coleman Parkes Research, interviewing 3,300 business leaders working in large and mid-market businesses (organizations with at least 250 employees; US leaders were from companies with at least 500 employees). Respondents were based in the US (600), the UK (300), Australia (300), Brazil (300), Columbia (300), France (300), Germany (300), Japan (300), Mexico (300), and the Netherlands (300). The study focused on the following sectors: financial services, healthcare and life sciences, technology, professional services, manufacturing, and retail (550 respondents per sector). The business leaders surveyed included 1,101 non-C-level tech leaders (job titles including IT Director, VP of Information Tech); 1,100 C-level tech leaders (job titles including CTO, CIO); and 1,099 non-tech business leaders (job titles including CFO, CEO, COO, CMO).

About Citrix

Citrix, a business unit of Cloud Software Group, provides a complete digital workspace platform that companies of all sizes can use to enable secure work. With Citrix, employees can work where and how they prefer, and IT can be confident their information and devices remain safe. Click here to learn more about Citrix solutions and the value they can provide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005129/en/

Lloyd Berry, 800-424-8749

mediainquiry@citrix.com

Source: Citrix Systems, Inc.

FAQ

What does Citrix's study reveal about the role of CIOs?

Citrix's study reveals that CIOs are now seen as crucial in shaping business strategy, controlling budgets, and managing technology transformation, with 67% of leaders recognizing their key role.

How many business leaders participated in the Citrix survey?

The Citrix survey included 3,300 business leaders from large and mid-market companies globally.

What challenges do CIOs face according to Citrix's research?

According to Citrix's research, 67% of CIOs face significant challenges with legacy systems and technical debt, which hinder their ability to act as change agents.

What percentage of tech leaders are delaying retirement due to staffing concerns?

46% of tech leaders are delaying their retirement due to fears of a lack of suitable replacements.

What is the importance of having a vision for CIOs according to the study?

73% of business leaders believe having a vision for the future is essential for the success of tech leaders in today's working environment.