CIO Survey 2014 - IT budgets and priorities
Renewed focus on growth but innovation still lacks funding
Only 23% of CIOs report a decrease in budget.
A renewed focus on change and growth seems clear from this year’s survey. Only 23% of CIOs report a decrease in budget, comparable to last year’s results, while a majority state that responding to new business needs and driving their digital strategy are their top priority for the next 12 to 18 months.
Investment in innovation is surprisingly low given the RD&I grants available in Ireland and is lower than across Europe, evidenced by some reluctance to adopt specialist technologies such as augmented reality and gamification. Big data and analytics are seeing an increase in uptake however, with 40% of Irish CIOs piloting, implementing or adopting analytics and CIOs indicating that analytics is their preferred area of investment if budget is available.
Other key highlights include:
- The worst budget cuts are in the past, with only 23% of Irish CIOs reporting a decrease in budget in 2014
- Significant majority of CIOs state that responding to new business needs and driving digital strategy are their top priorities for the next 18 months
- Budget allocation for innovation is surprisingly low given the RD&I grants available in Ireland. 66% percent of Irish CIOs ring-fence less than 10% of their budget for innovations
- Some 40% of Irish CIOs are piloting, implementing or adopting analytics, this trend is further evidenced by CIOs selecting analytics as their preferred area of investment if budget is available
Download our full report to see how Irish CIOs compare internationally, and get the Deloitte perspective and specialist advice.
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