Years into digital transformation, and decades into the IT function itself, many CIOs still fall short when it comes to innovation.
Tech debt, budget constraints, and overloaded staff schedules are among the top reasons IT leaders cite for scuttled innovation attempts.
Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. And 83% of leaders surveyed for tech company Lenovo’s 2023 Global Study of CIOs said they were concerned that they’ll have insufficient funds to properly invest in innovation and transformation.
