Although organizations are trying to shift more of their technology spending toward innovative efforts and delivering greater returns, the complexity of digitization and limited technology budgets remain significant barriers for many, according to a new survey from consulting firm Protiviti.
For the report, “From Cloud, Mobile, Social, IoT and Analytics to Digitization and Cybersecurity,” the firm surveyed 396 C-suite executives at mostly U.S.-based organizations in the second and third quarters of 2016.
Examples of the data-driven shift illustrated by the survey findings include the increased adoption of cloud computing (64% of the organizations surveyed are investing in this area), digitization (57%), big data (57%), and agile projects (44%).
With a majority of organizations (54%) undergoing a major IT transformation, survey respondents reported the following drivers of these initiatives: new functionality (53%), cost optimization (43%), operational improvement (41%), adoption of emerging technology (40%), and business/IT alignment (38%).
Among the roadblocks causing challenges for companies: legacy infrastructure (43%), IT culture not agile to change (39%), IT skills gap (37%), legacy processes (36%) and cost/budget limitations (36%).
“Business-minded technology leaders across the enterprise, both within and beyond the IT department, have made stunning progress in terms of delivering increased levels of value during the last few years as they have shifted more of their technology spend from legacy maintenance activities towards digitization or digital transformation initiatives,” said Kurt Underwood, a Protiviti managing director and global leader of the firm’s Technology Consulting practice.
“Yet more progress is needed to ensure that data-centric security and privacy matters remain top of mind in the design and operating effectiveness of cyber security controls,” Underwood said. “Many digitization initiatives can quickly create new cyber security vulnerabilities. Without the right oversight, capabilities and metrics, management teams and boards are too often getting blindsided by data breaches.”
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