cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
Interviews, IT and Technology News India | CXO VOICE
No Result
View All Result
Home News

Digital Initiatives is top Preference of DACH CIOs

Deepa Sharma by Deepa Sharma
April 16, 2019
Reading Time: 3 mins read
Digital Initiatives
Share on FacebookShare on TwitterShare on Linkedin

Survey report by Gartner shows that CIOs in Germany, Austria and Sweden (DACH region) making digital initiatives top preference, also CIOs cite the drive for operational excellence as their second priority. Results also show that DACH CIOs take more ownership in digitizing operations and efficiency, instead of focusing on business growth and revenue

This is due to the fact that CIOs in the DACH region often lack the resources to drive and enable true business transformation. DACH CIOs are involved in enabling the design of new business models — but do not lead these efforts.

The 2019 Gartner CIO Agenda Survey gathered data from more than 3,000 CIO respondents in 89 countries and all major industries. In the DACH region, 118 CIO respondents were asked for their input.

IT budgets in the region increased on average by 2.7 percent in 2019 — 0.6 percent less than in EMEA. This partly explains the focus of DACH CIOs on core system improvements that modernize and upgrade existing platforms and infrastructure. Those measures decrease costs and improve the efficiency and scalability of digital initiatives.

Overall, resources are a major pain point for DACH CIOs. Fifty-one percent cite insufficient IT-business resources as their most significant barrier to achieving their objectives. Not far behind is a change-blocking business culture at 46 percent. Further, 35 percent of respondents state that insufficient depth and breadth of digital skills are slowing their digital transformation strategies.

DACH CIOs Embrace AI and Chatbots

Thirty-four percent of DACH CIOs regard artificial intelligence (AI) as a game-changing technology for their organizations, followed by data analytics (19%) and cloud (15%). When asked for their top use case for AI, 42 percent cited the use of chatbots as conversational agents.

“Our survey shows that DACH CIOs are actually more likely to invest in chatbots than global CIOs are, and there are already some interesting use cases in the region,” said Ms. Tratz-Ryan. “We often see chatbots in customer management, and some banks have already developed chatbots to handle other tasks such as small money transfers.”

Strengthening Digital Initiatives and Core Systems

Digital business is one of the core investment area for DACH CIOs. Forty-six percent plan to increase their investment in digital business initiatives. Core system improvements and transformations, such as legacy modernizations, are almost as important (40 percent).

“Digital business initiatives and core system improvements might seem like independent areas, but they belong together. Investing in digital transformation means that organizational silos need to become connected in a digital value chain and, for that to happen, the core systems need to become more agile and interactive. This is especially the case with the advanced operational technologies and the machines and sensors used in industry 4.0 scenarios,” Ms. Tratz-Ryan said. “DACH CIOs have understood that connection, and are investing their resources in the right places. Digitalization will lead to increased transparency of workflows, which will allow CIOs to identify duplications and inefficiencies. That, in turn, will increase operational efficiency.”

Tags: CEOCIOsCXODACH CIODigital Initiatives
Deepa Sharma

Deepa Sharma

Senior Writer and Editor at CXO VOICE, She covers technology, cybersecurity, and financial and other tech news and updates. She can be reached at "deepa@cxovoice.com"

Related Posts

CIO survey
News

Over Half of CIOs Plan to Increase Full Time Employees in IT to Accelerate Digital Initiatives in 2021 : Gartner Survey

April 5, 2021
Five tips for entrepreneurs to tide over the coronavirus Crisis
Entrepreneur

Five tips for entrepreneurs to tide over the coronavirus crisis

June 1, 2020
Post-Pandemic Future plan for CXOs
COVID-19

CXOs Should Have A Clear Vision For The Post Pandemic Future

May 4, 2020
Arvind Krishna appointed as IBM CEO
News

Arvind Krishna Appointed as IBM CEO

January 31, 2020
Rajesh Tapadia Airtel
News

Airtel Names Rajesh Tapadia As CEO of Nxtra Data

August 19, 2019
Debashis Chatterjee Mindtree
News

Debashis Chatterjee Joins Mindtree as CEO & MD

August 2, 2019
Devendra Kamtekar digisol
News

Devendra Kamtekar Joins DIGISOL as a CEO

July 16, 2019
Cybercriminals attacking methods CIOs, Cyber security professions need to re-think their defense strategy
Cyber Security

[Report] CISOs must rethink their defense strategy as cybercriminals are using diverse range of attacking methods

May 28, 2019
Load More
Next Post
Canara Bank

Canara Bank is First Public Sector Indian Bank with EMV Aadhaar Authentication

ADVERTISEMENT

Expert Views

Jaganathan Chelliah
Technology

Installing CCTV Cameras? Here is What You Need to Know

May 17, 2022
Wipro's Digital Database Services (DDS)
Banking

Cloud trends in the BFSI sector set to drive digital transformation in the new financial year

April 26, 2022
Cloud Data Protection
Cyber Security

Data Protection, a Key Part of Business Continuity

April 18, 2022
AI Cloud Enterprises
AI

What can AI Cloud do for Enterprises?

March 9, 2022
Data Modernisation
Technology

4 Key Trends Driving Data Modernization Across The Enterprises

January 28, 2022

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Top 10 Richest Persons In India

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2022 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security

© 2022 CXO VOICE