95% of Chief Information Officers (CIOs) are investing in technology to create new revenue streams within the next 12 months, new data shows.
Global technology service provider Logicalis surveyed 1,000 CIOs from across the world, including Ireland.
The research reveals that almost all organisations are exploring how next-generation technologies can specifically support commercial growth.
Artificial Intelligence, machine learning capabilities, and Internet of Things (IoT) initiatives are among the most widely adopted emerging technologies over the past year.
Today’s findings suggest that realising the value from these investments remains a challenge.
85% of CIOs have reported growing pressure for technology to demonstrate tangible business impact.
Meanwhile 64% acknowledged that their next-generation technology investments have yet to deliver anticipated returns.
However, CIOs remain optimistic about the potential of these technologies.
“For almost every business, technology has become the primary engine of innovation, growth and resilience,” said Bob Bailkoski, Global CEO of Logicalis Group.
“With this dependence comes a new expectation of CIOs – they’re no longer just enablers of business strategy but drivers of commercial success.
“Whether through maintaining a keener focus on ROI from next-generation technologies, optimising security spending or maximising the financial benefits of sustainability initiatives, technology leaders need to seek out the right investments and partnerships that can help them deliver on their business goals,” he added.
