Digital disruption across a wide array of industries is forcing companies to double down on innovation. Painfully aware that competitors are racing toward the same goals, companies are taking new risks as they pursue digital transformations, experimenting with new digital services and capabilities to augment existing offerings or to slide into adjacent markets.
And few CIOs claim they are moving fast enough, as two-thirds of business leaders surveyed by Gartner believe their companies must pick up the pace of digitalization to remain competitive. With the onus of digitalization falling on IT, the CIO role is transforming from order-taking techie to business executive focused on harnessing data and other tools to grow revenue.
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Source: IT Strategy