Illuminating The Black Box: Why CIOs Should Consider Publishing An Annual IT Report
CIO, Wednesday, November 15,2023
Publishing an annual IT report allows CIOs to offer visibility into operations and execution through a business value lens. Utilize this formula to reclaim control of your IT narrative.
For decades IT has been a black box-an obscurity of inner workings mostly just accepted by the firm. But that paradigm is changing and not least because IT itself has changed. Once relegated to a role of support, the function now can inform entire strategies as critically as it does key processes or core products. In many companies, it's among the largest lines on the income statement. By Gartner's estimations, overall IT spending will grow in 2024 by 8%, more than double that of 2022 and 2023-2.9% and 3.5%, respectively. No wonder so many CIOs are being directed to illuminate the black box.