One-quarter of CIOs in Australia and New Zealand (ANZ) rank digital initiatives as their top business priority in 2019, according to the 2019 Gartner CIO Agenda Survey.
However, declining economic conditions are creating pressure on CIOs to slow digital investment, especially in organizations yet to attain digital maturity.
CIO budgets in Australia and New Zealand are flat, increasing by just 1.5% in 2019, lower than the global average and the projected rate of inflation. Tight budgets demand constant prioritization of technology investments to meet the No. 1 objective of digital transformation. More than half of ANZ organizations are in the process of changing (or planning to change) business models this year.
The good news is that ANZ CIOs are ahead of the global average in designing and enabling business model change. This presents a real opportunity to elevate their role in business transformation and flip perceptions of IT from cost center to growth driver. ANZ organizations that lose their digital business nerve now may not be able to recover. CIOs must lead through adversity and guide their organization to become digitally “fit” and stay the distance.