Lenovo Global CTO Study Reinforces a Vision for “New IT” to Shape a Smarter Future

Rhea-AI Summary

Lenovo's recent global study involving 500 CTOs reveals key insights into the future of technology. The findings indicate a shift towards a 'New IT' architecture, emphasizing the integration of smart devices, edge computing, and cloud solutions. Notably, 84% of CTOs express optimism about hybrid cloud technology. However, challenges in cybersecurity and compliance remain significant concerns for many. The study underscores the potential for leveraging technology further, with strong resonance for Lenovo's vision among CTOs. Conducted between July 26 and August 12, 2022, the survey spans various global markets.

Positive

• 43% of CTOs view their technology architecture as 'improved'.
• 76% cite Smart Devices and Scenario-Based Solutions as increasingly important.
• 84% of CTOs optimistic about the future of hybrid cloud.
• More than 80% believe Lenovo's 'New IT' vision accurately captures future ICT.

Negative

• 63% of U.S. CTOs cite cybersecurity as a top challenge.
• 64% of U.S. CTOs and 67% in the U.K. mention regulation/compliance as a concern.
• Compatibility issues in enterprise infrastructure complicate IT decisions.

RALEIGH, N.C.--(BUSINESS WIRE)-- A new Lenovo global research study of 500 chief technology officers (CTOs) across different industries and countries released today at the company’s global “Tech World” innovation event reveals their perceptions on the future of technology.

The study uncovers interesting findings about global CTOs’ viewpoints about how the traditional IT will continue to evolve into a “New IT” architecture, where client devices, edge computing, cloud computing, network and artificial intelligence all work together to address CTOs’ commons pain points and provide them with solutions as they drive further global digitalization across all industries.

“We’re encouraged to see our vision of the New IT architecture resonating so strongly with CTOs across the world,” said Lenovo CTO Dr. Yong Rui. “These research findings are incredibly valuable as the ICT industry continues to innovate and build new technology capabilities for the future. This research gives us deep insights about the priorities and expectations from global CTOs, and we will leverage this knowledge to better help our customers harness data and create insights to transform their business.”

Top findings from Lenovo’s survey of more than 500 CTOs include:

• The shift to hybrid work environment is elevating the importance of elements of IT architecture:
  • CTOs generally have a positive perspective on their organization’s technology architecture, with 43% calling it “improved,” 39% noting its “easy to use” and just 6% characterizing as “lacking.”
  • Elements surging in importance include Smart Devices (76%), Smart IoT (70%), and Scenario-Based Solutions (76%).
  • Looking ahead, CTOs noted the importance of the cloud, software and computing as key components for the future of a hybrid work environment, with 84% optimistic about the future of hybrid cloud.
• Major challenges exist for CTOs relating to cybersecurity and accessibility in emerging tech:
  • Respondents out of the United States (63%), Brazil (61%) and India (71%) all cited cybersecurity as a top challenge they need to address within their organizations.
  • CTOs in the U.S. (64%) and United Kingdom (67%) also mentioned regulation/compliance as a top concern.
  • Compatibility issues in enterprise infrastructure and user experience are primary pain points when CTOs make purchasing, upgrading, migrating and retiring decisions of IT infrastructure for their organizations.
• CTOs say there is potential to utilize technology even more extensively at work:
  • Across each of the five elements (Client - Edge – Cloud – Network – Intelligence), substantial portions of CTOs see opportunities for their companies to utilize dimensions of the IT infrastructure even more than they already are – including elements like 5G MEC (72%), the public edge cloud (67%), IoT Edge (65%) and private edge cloud (58%).
  • When looking to solve technological problems, most cite (82%) third-party vendors as important to helping solve challenges relating to technological architecture.
  • Most CTOs believe that elements of edge computing (including Edge AI, Edge Security, and "Device-Edge-Cloud" Collaborative, etc.) will be important moving forward into the future.
• Lenovo’s concept of “New IT” resonates among CTOs across the globe as and encompassing:
  • More than 4-in-5 say Lenovo’s description of “New IT” captures and describes the future of ICT (Information Communications Technology) “extremely” or “very well”.
  • Apart from these five components of “New IT” (Client - Edge – Cloud – Network – Intelligence), CTOs named areas such as “R&D / Innovation” (9%), “Data Management” (7%) and “security” (6%) as other components that will be important to shaping the future of technology architecture.

About Lenovo Global Study of CTOs

Fieldwork for this study was conducted via a quantitative survey from July 26 to August 12, 2022, of 500 global CTOs from mid- to large-size organizations. The survey sample comprised of a near equal number of respondents from each market: Brazil, China, Germany, India, Japan, U.K. and the U.S. Respondents included CTOs of companies and organizations with at least 250 total employees.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005870/en/

Stuart Gill

sgill@lenovo.com

Source: Lenovo

FAQ

What does Lenovo's global study of CTOs reveal about technology trends?

Lenovo's study shows a strong shift towards 'New IT' architecture, emphasizing smart devices, edge computing, and cloud solutions, with 84% of CTOs optimistic about hybrid cloud.

What percentage of CTOs view their technology architecture as improved?

43% of CTOs surveyed consider their organization's technology architecture to be improved.

What challenges do CTOs face according to Lenovo's study?

The study indicates major challenges in cybersecurity and compliance, with significant percentages of CTOs in the U.S. and U.K. citing these as top concerns.

How many CTOs believe in the significance of hybrid cloud for the future?

A substantial 84% of CTOs are optimistic about the importance of hybrid cloud technology moving forward.

What is the timeframe for Lenovo's study on CTOs?

The fieldwork for Lenovo's global CTO study was conducted from July 26 to August 12, 2022.