Digital, big data analytics on the minds of CIOs

Digital, big data analytics on the minds of CIOs

But they don’t have much budget for it

CIOs really want to knuckle down into digital, big data and analytics, but their tight budgets make it difficult to do so, a new Deloitte survey has found.

Deloitte surveyed 900 CIOs from various countries around the world, including Australia. Fifty-four per cent of Australian CIOs are making digital strategies a top priority, while 61 per cent are engaging in analytics.

However, while CIOs are using digital and big data analytics technologies, innovating in these areas is difficult to do with little budget, the survey found. Fifty-five per cent of IT’s budget is spent on business as usual activities, with business change making up 23 per cent of budgets and business growth making up 22 per cent.

Twenty-nine per cent of Australian CIOs – which was the majority to answer this part of the survey – would invest more in big data and analytics if they had the money for it.

“CIOs are still most often associated with maintaining core IT systems and ‘keeping the lights on’,” said Kurt Proctor-Parker, Deloitte consulting partner.

“The challenge will be to convince company leadership they are capable of delivering these new technologies.”

The survey found Australian CIOs rated lower than their global peers in improving their relationships with key external stakeholders.

However, when it comes to putting more people resources into disruptive or emerging technologies, the figure for Australian CIOs was slightly higher than the global figure. Forty-seven per cent Australian CIOs are investing in emerging technologies, compared to the global figure of 43 per cent.

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