Friday, July 8, 2011

Results of IBM’s CIO Study – Data is King

IBM CIO Report: Key FindingsImage by Ivan Walsh via FlickrIBM published the results of their latest C-Suite study, titled The Essential CIO – Insights From the Global CIO Study, in May 2011 after talking to more than 3000 CIOs.

The study notes that CIO and CEO priorities are in sync, more so than in the past. That may be because the story is all about data – traditionally the CIOs turf.

According to IBM, CEOs and CIOs agree on “how critical it is for today’s public and private sector organizations to derive insight from the huge volumes of data being amassed across the enterprise, and turn those insights into competitive advantage with tangible business benefits.”

IBM calls out that, “83 percent of CIOs have visionary plans that include business intelligence and analytics, followed by mobility solutions (74 percent) and virtualization (68 percent).” Cloud computing shot up in priority, selected by 45 percent more CIOs than the 2009 study.

But not everyone speaks the CIOs language. Translation – it’s no longer about the applications, it’s all about the data:

  • How to manage the data (there’s more data than ever to manage)
  • How to leverage the data (information about consumers, markets, opportunities)
  • How to integrate the data (across applications and devices)
  • How to store the data (cloud, cloud, cloud)
  • How to access the data (especially from mobile devices)

In a consumer world where books, movies, and newspapers are no longer on our bookshelves but in our pockets and handbags, data is king. In a business world where acquisitions, partnerships, and alliances rule, information management is critical.

One key result of the study was that risk management and compliance was considered a top priority by 71% of CIOs in 2009. Today only 58% consider it important, while cloud computing and business process management gained in importance. It seems that CIOs are less concerned less about securing data and more concerned about leveraging it.

Is it possible that we have a crossed a line where we believe the positives of sharing information out-weigh the negatives?

7 comments:

Dave E said...

Can I find out who the 29% of CIOs are that don't think risk management and compliance should considered a top priority so that I don't put my money or personal information anywhere near them or their business!

Carol Kilgore said...

We're overwhelmed with data. The irritating thing for me is there's no filter to give any of it weight. People have made careers of making the trivial important.

Steve in POK said...

It's always been about data, applications have only been a means to the end. What has made this more tangible is the astronomical growth of end-points - anything with a screen and keyboard qualifies. I submit that the risks, in their many aspects, are growing exponentially. Witness the failures occurring in and among our biggest, and we thoought the smartest, corporations.

Dave E said...

OK< I need to learn to read! That 29% was in 2009, today it's 42% that don't care about risk management and compliance!
Pretty soon I may as well just leave my front door open with a welcome sign. My money and personal information will probably be safer than giving it to the banks at this rate.

Colette said...

Carol, you make such a good point. The winners will be those that help manage all the data.

Dave E, in fairness, the study didn't say they don't care at all -- just that it isn't a top concern, and is has fallen on the list.

Steve in POK, I agree!

Andorinha said...

I'm really glad you wrote about this. The truth is I believe people are not that concerned about sharing their data, but they are still worried on securing it. Facebook really changed the perspective of people (which includes CIOs), and it really came down to a personal perspective on "how to share your life". We are all OK on sharing our things, just not ALL of them. That affects the CIOs too. The CEOs...although they seam to agree, I'm not that sure if their point of view is the same.
Also, management of data has became more "standardized". On the other hand, lower costs that arise with Cloud Computing are more appealing. There is always the European (strong) Privacy Laws and Cloud is still not completely clear about it.
Give it another 2 years and we will see.
(Congrats on your blog)

Colette said...

Andorinha, Welcome! I love new visitors!

Yes, it will be interesting to see how this changes over the next few years.