Canadian CIOs: Find Money in Creative Ways

Canadian CIOs should think creatively about digital transformation and cost optimization.

Although global respondents to the 2018 CIO Agenda survey estimated 2018 budget increases at 3%, Canadian CIOs are looking at budget tightening with a 1.3% increase in IT funding. This is just under half of last year’s 3% increase, and means that CIOs need to be creative as they look for funding.

Gartner analyst Chris Howard on Canadian CIOs and the average expected IT budget change for 2017 to 2018

As budgets tighten, CIOs should move toward digital transformation. A combination of traditional and nontraditional means will enable them to secure funds to do so.

Cost optimization: Look outside IT for potential cost optimization opportunities to drive improved business performance. The difference between an average enterprise and one that is a best-in-class performer is typically 20% to 50% in costs, quality and/or speed. Don’t forget to take advantage of every cost optimization opportunity within IT as well.

Business-unit funding: Look for business units currently using shadow IT and embrace that as a mechanism to drive digital transformation across the company. Take advantage of properly governed, managed and guided shadow IT to create value for the organization.

The CIO Executive Communication Guide

Speak the language of the C-suite to communicate the business value of IT

Get free e-book

Digital optimization: 42% of CEOs report their digital ambition is to achieve business optimization, according to the Gartner 2017 CEO Survey. Address top-level business objectives in eight ways:

  1. Improve existing revenue
  2. Reduce cost of goods sold
  3. Reduce selling, general and administrative
  4. Improve employee productivity
  5. Enhance customer experience
  6. Optimize inventory and yield
  7. Optimize physical assets
  8. Optimize financial assets and cash
SWG_BW_Analyst_Headshots_Howard-Chris

Gartner clients can read the full report in 2018 CIO Agenda: A Canada Perspective with Chris Howard.

Get Smarter

Gartner CIO Events

Learn more about CIO leadership and how to lead your enterprise through its digital journey.

Explore Gartner Events

The Future of Work and Talent: Culture, Diversity, Technology

The future of work is about forging a new relationship between technology and talent that transforms existing ways of working and doing...

Read Free Research
Array ( [url] => http://aem-solr-prod.emt.aws.gartner.com/solr/emt/search [content_type] => application/json;charset=utf-8 [http_code] => 200 [header_size] => 87 [request_size] => 339 [filetime] => -1 [ssl_verify_result] => 0 [redirect_count] => 0 [total_time] => 0.053418 [namelookup_time] => 0.011892 [connect_time] => 0.028554 [pretransfer_time] => 0.028618 [size_upload] => 133 [size_download] => 6576 [speed_download] => 123104 [speed_upload] => 2489 [download_content_length] => 6576 [upload_content_length] => 133 [starttransfer_time] => 0.053311 [redirect_time] => 0 [redirect_url] => [primary_ip] => 10.108.27.99 [certinfo] => Array ( ) [primary_port] => 80 [local_ip] => 10.121.2.30 [local_port] => 53538 [request_header] => POST /solr/emt/search HTTP/1.1 Host: aem-solr-prod.emt.aws.gartner.com Accept: */* Content-Type: application/json X-dynaTrace: FW3;-987853115;5;639661907;28808146;0;412549582;59 Content-Length: 133 )

As Audiences Scatter, Digital Marketing Hubs Converge

Know more how to define the functional requirements of a digital marketing hub and understand build, buy or partner, find the right path.

Start Watching