Things That CIOs Should Know Keep Their CEOs Awake Nights
March 23, 2009 Timothy Prickett Morgan
This year is a bit of a mental and emotional challenge as well as being an economic one. And the whiz kids at Gartner make a habit and a business out of trying to say something intelligent about the goings-on in IT Land to help CIOs cope with conditions and their bosses, the CEOs, presidents, or owners.
We are all in a bit of a state of shock absorbing the changes to the economy, our businesses, and our lives. But you have to shake it off and start planning for the future, all the same, says Gartner, which released a report called CEO Concerns 2009: Dealing with the Downturn last week. (You can view that report at this link.)
“Today’s CEO concerns provide an advanced look at what will become CIO priorities in 6 to 18 months,” explains Jorge Lopez, vice president and distinguished analyst at Gartner. “We’ve identified these conclusions based on more than a dozen sources of CEO insights, our own analysis of business and economic trends, and changes in the IT landscape.”
So without further ado, here are the seven things that are apparently keeping your CEO up at night, in order of importance:
That’s Gartner’s take on what CEOs are worried about as it related to IT. I think CEOs are not all that complex, and I think some of these issues are overblown by Gartner. I think CEOs are only worried about two things: staying in business now and laying the groundwork to position themselves to beat the competition when–and if–the economy returns to something akin to normal. Staying in business now usually means cutting costs and preserving as much revenue and profits as possible. Anything a CIO can do to cut costs is needed right now, no matter what pet projects might be on the table.