Almost 6 in 10 CIOs eye replacing current technology: Lenovo

CIOs in Singapore say their tech stack can improve.

With new challenges and evolving responsibilities, 57% of chief information officers (CIOs) of technology firms said they would replace half or more of their company’s current technology, a Lenovo Singapore study revealed.

In its global study of CIOs in the Lion City, Lenovo said of the 57%, 14% of their CIOs are seeking to replace almost all of their tech stack. 

The study also showed that 93% of CIOs polled believed their tasks changed and expanded, adding that they are being asked to make business decisions beyond technology.

These roles include non-traditional areas such as digital transformation and business process automation with 65%, data analytics and business reporting with 51%, and business model transformation with 45%.

Meanwhile, 8 in 10 or 83% said the CIO role is more challenging compared to their tasks two years ago due to challenges such as the increasing use of artificial intelligence and automation.

Specifically, CIOs said it is difficult to solve challenges related to data privacy/security (77%), cybersecurity/ransomware (74%), keeping up with technological change (72%), adopting/deploying new technology (72%), and cloud transformation (65%).

Nigel Lee, general manager of Lenovo Singapore, said modern CIOs are dubbed as the mission control for their organisations, adding that the CIOs’ tasks changed in the past 24 months.

“From navigating complex tech ecosystems to keep up with the speed of digital transformation, to upskilling employees and managing a global shortage of IT talent, today’s CIO is responsible for the entire technology value chain and beyond,” added Lee.

The Zeno Group, who conducted the survey, polled 86 CIOs, who have at least 250 employees, from 6 December to 21 December 2021.