Shortsighted CEOs Leave CIOs With Increasing Tech Debt
CIO, Tuesday, November 19th, 2024
CEOs surveyed by IBM worry that their organizations are sacrificing long-term innovation by spending too much on short-term IT projects - while also pressuring their CIOs to do so.
Many organizations are mortgaging their futures by reallocating IT resources from long-term projects to achieve short-term wins, according to a recent survey of CEOs.
Two-thirds of CEOs surveyed by the IBM Institute for Business Value acknowledge raiding long-term IT projects to achieve short-term goals. At the same time, the CEOs surveyed see a focus on short-term performance as the top barrier to innovation.
The authors of a report based on the IBM survey urged CEOs to stop looking for a silver bullet in their IT departments.