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Kochi, India, November 30, 2023

Gartner IT Symposium/Xpo 2023 Kochi: Day 3 Highlights

We are bringing you news and highlights from Gartner IT Symposium/Xpo, taking place this week in Kochi, India. Below is a collection of the key announcements and insights coming out of the conference. You can read the highlights from Day 1 and Day 2.

On Day 3 from the conference, we are unveiling the findings of Gartner’s annual CIO & technology executive survey, discussing strategies for avoiding pitfalls in strategic cost optimization, sharing the implications of the end of legacy IT, and exploring ways in which CIOs can boost employee output and wellbeing. Be sure to check this page throughout the day for updates.

Key Announcements

Signature Series: CIO and Technology Executive Agenda for 2024

Presented by Daniel Sanchez Reina, VP Analyst, Gartner

Technology leadership has forever changed, as the democratization of digital delivery is fundamentally redrawing the boundaries between IT departments and other business areas. In this session, Daniel Sanchez Reina, VP Analyst at Gartner, revealed what should be on the CIO’s agenda for 2024 and beyond.

Key Takeaways

  • “The CIO role is expanding. You're still responsible for traditional realms of IT applications and infrastructure, but 62% of you are also wearing an enterprise digital transformation leader hat.”

  • “The most successful CIOs are meeting the moment by strategically engaging with their CxOs to share resources, funding, and accountability for delivering digital initiatives. They’re running IT like a business.”

  • “Top CIOs are franchising digital delivery. Franchise models are how businesses around the world leverage ecosystems to achieve scale, overcome budget and talent constraints, and reduce risk.”

  • “Cultivating trust and co-leadership in a franchise model does more than just deliver better business outcomes. It also increases CIO and IT leadership teams’ performance.”

  • “Cybersecurity, data and analytics, cloud platforms, and integration technologies are among the top technology investments CIOs have told us they’re increasing this year, and they are foundational fusion team enablers.”

Powering Productivity: Five Ways CIOs Can Boost IT Employee Output and Wellbeing

Presented by Matt Hancocks, Sr Director Analyst, Gartner

Increasing talent pressures and tight economic conditions make maximizing productivity from the existing IT workforce a top priority for chief information officers (CIOs).  In this session, Matt Hancocks, Sr Director Analyst at Gartner, presented 5 practical actions that CIOs can take to increase IT productivity without overburdening employees with additional work or hours.

Key Takeaways

  • “A human-centered work design remains the successful formula for not only attracting and retaining top IT talent, but also increasing their productivity.”
  • “Human-centric work designs increase the likelihood of employees reporting high productivity and a 3.2 times higher intent to stay with the organization. The likelihood of fatigue is reduced by 1.6 times and employee performance is increased by 5.1 times.”
  • Employee output and wellbeing can be boosted in five ways:

                           - Adopt a data-driven approach to productivity
                          - Co-create flexible work environments
                          - Protect focus time and provide sync time
                          - Manage by outcomes and protect employees
                          - Deliver human-centric digital enablement

  • “Organizations can use artificial intelligence to automate grunt tasks and increase productivity.”
  • “Digital enablement amplifies the positive outcomes of human-centric design by addressing the key barriers to productivity.”

 

Pitfalls to Avoid in CIOs’ Strategic Cost Optimization Efforts

Presented by DD Mishra, Sr Director Analyst, Gartner

Chief information officers (CIOs) continue to experience cost pressures due to their geographic location or global factors. In this session, DD Mishra, Sr Director Analyst at Gartner, shared insights on the things that CIOs should avoid in order to enhance their cost optimization strategies.

Key Takeaways

  • “A strategic approach to cost optimization involves effectively reducing spending when required, while also proactively optimizing the performance of current resources. Ultimately, any resulting gains must be invested in new capabilities that deliver critical business outcomes and value.”

  • “Mature organizations are 2.8 times more likely than other organizations to define their cost savings targets for specific contracts before negotiation.”

  • “Mature organizations ensure that they make the right decisions by evaluating any cost optimization initiatives through a multi-layered or multi-level approach.”

  • “According to Gartner's Strategic Cost Optimization Score for IT data, 86% of mature IT organizations assess cost savings through cross-functional teams and communicate them to relevant stakeholders. This is in contrast to only 23% of other organizations.”

  • “Successful optimization involves having a disciplined approach, being proactive in evaluating costs, setting performance goals in the near-term and over a three-year roadmap, and building partnerships across business functions.”

 

The End of Legacy IT

Presented by Christian Stephan, Sr Director Analyst, Gartner

The storyline of how artificial intelligence (AI) will transform IT and IT assets is still unfolding. In this session, Christian Stephan, Sr Director Analyst at Gartner, discussed what legacy IT is and the ripple effects generative AI may have on it.

Key Takeaways

  • “Two thirds of CIOs are increasing modernization spend.”

  • “Systems remain in use but are too costly to change because the underlying technologies no longer have support/knowledge to sustain them. AI can help with this by reducing the cost to modernize assets.”

  • “Reduce the risk of undocumented code and increase developer productivity.”

  • “Systems are interwoven into the broader IT landscape, making it very complex to coordinate dependencies when changing/scaling them. AI can help with this by coordinating and automating infrastructure.”

  • “Reduce the effort of manual configuration and increase transparency into cloud costs.”

This is a wrap for this year’s conference. Thanks for joining! See you next year!

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Watch this space for more updates throughout the day.

About Gartner

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