By Freya Purnell
Australian CIOs are ahead of the global curve in adopting and implementing technology, having undergone a recalibration of their IT spending models, according to the annual Deloitte Australia CIO Survey.
“Data analytics, the cloud and social media are continuing to make a huge impact on the delivery of business outcomes, and in Australia only 17 per cent of IT budgets have been assigned to supporting the delivery of core IT services,” said Kurt Proctor-Parker, partner, Deloitte Consulting.
“Luckily 76 per cent of Australian CIOs have stated that their top priority over the next 18 months is supporting new business needs and 54 per cent said they would prioritise developing digital strategies.”
On the issue of budgets, over half (55 per cent) are allocated to business as usual activities with the rest split between supporting business change (23 per cent) and supporting business growth (22 per cent). When asked where Australian CIOs would invest more money if they had it, 29 per cent said analytics and big data, 12 per cent said mobile apps and 13 per cent said public cloud.
The CIO Survey canvassed the views of over 900 CIOs across 49 countries.
Compared with the global figure of 43 per cent, Australian CIOs are willing to throw more of their resources at disruptive technologies, with 47 per cent investing in emerging tech.
Australian CIOs also exhibited a distinct lack of concern about security compared to global CIOs. Global CIOs listed risk and security as top priorities over the next 18 months, whilst this did not feature in the Australian report.
“Perhaps Australian companies feel safe from the high-profile security breaches or cyber-attacks that have taken place in Europe and North America over the last 12 months or else it is down to complacency,” said Proctor-Parker. “82 per cent of Australian CIOs said they had a high tolerance to risk due to the fact they are not always responsible for how much money they have in their budgets or where they can spend it.”
One area where Australian CIOs have fallen behind their global counterparts has been in the adoption of company-wide analytics. Sixty-one per cent of Australian CIOs now use analytics to support their business, compared with 74 per cent of global CIOs.
From a leadership perspective, the report highlighted opportunities for CIOs in building relationships. While 77 per cent of CIOs rated their relationship with the CEO as ’very important’, yet only 35 per cent believe their relationship is currently very good.
“It is also becoming essential for Australian CIOs to improve their relationships with key external stakeholder groups as Australian CIOs are rated lower than their global peers. This is a concern and highlights opportunities for our CIOs to build and nurture external relationships,” said Proctor-Parker.