Innovation At Any Cost? Lenovo Study Reveals CIO Commitment And Concerns Around Technology Innovation
Lenovo News, Monday, June 5,2023
In the face of economic headwinds, CIOs are nearly twice as likely to invest in innovation in new technologies over optimizing their current tech stack, ranking Artificial Intelligence and Machine Learning as urgent priorities to be addressed
A global annual survey of Chief Information Officers (CIOs) by Lenovo reveals that despite economic headwinds and IT budget challenges, the world's CIOs are bullish about the power of technology to deliver value for their organizations. Despite their optimism, the risks are real, as 83% are concerned that there will be insufficient budgets to properly invest in innovation and digital transformation, and almost half (48%) say they are 'extremely' or 'very' concerned.