The challenges of digital transformation are taking their toll on Chief Information Officers (CIOs) and straining their relations with other executives according to a survey which revealed that just 23 per cent of UK CIOs are aligned with their chief financial officer (CFO) on tech strategy.
A global survey of 555 C-level decision makers by digital transformation software Apptio and Financial Times Focus found that nearly half (47 per cent) of respondents agreed that instead of integrating their organisations, digital transformation has deepened the divide between IT and finance.
The 23 per cent of UK respondents who say the CIO and CFO share a vision for tech strategy compares to a global average of 30 per cent.
However, nearly two-thirds of global leaders (63 per cent) said that the IT function needed greater influencing skills to drive digital transformation.
More than half (56 per cent) of organisations who are carrying out digital transformation said they are adopting an agile, flexible, strategic approach that evolves based on learning from the business and customers.
More than two-thirds (68 per cent) of respondents said that digital transformation helps to strengthen collaboration across C-Suite leaders when it comes to developing new products and services, but 47 per cent say digital transformation is blurring established roles and responsibilities.
Cloud migration is also proving a challenge for forms looking to meet their digital transformation goals, with just 30 per cent of leaders feeling confident in IT’s ability to govern cloud across the business.
When it comes to agile working, less than one fifth of companies (16 per cent) have a clearly defined framework to map success across the business, and UK leaders are among the most likely to adopt agile without this framework (24 per cent).
Sunny Gupta, Apptio chief executive said: “Digital is completely transforming the IT operating model, and that means CIOs and CFOs need to work collaboratively.
He added: “These business leaders need to accelerate new delivery models such as hybrid and cloud, optimise growth investments to fund innovation, and boost financial agility so that IT finances can be managed and adjusted in real-time based on the highest needs of the business.”
Latest News
-
Average mortgage rates creep up for first time in eight months
-
Titan Wealth agrees acquisition of Blacktower Group
-
Savers increasing allocations to fixed accounts, research shows
-
SIPP withdrawal requests jump 33% ahead of Autumn Budget
-
44% of first-time buyers looking at new builds, study finds
-
AJ Bell integrates with Dynamic Planner
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories