CIOs expect to continue to control the majority of the IT budget, see shadow IT as a looming concern, are more closely aligned with other business executives, consider revenue growth and customer acquisition as critical priorities, and are focused on aligning IT initiatives with business goals.
Those are the findings of CIO Research's 2014 State of the CIO Survey. The objective of 13th annual survey of CIOs was to gain an understanding how the role of the CIO continues to evolve in today's business environment. Results are based on 722 respondents who indicated they are the head of IT at their company or business unit.
While a sentiment prevails the tech industry that CIOs may be losing control of IT spending, that isn't the case, according to CIOs responding to our survey. IT currently directly controls an average of 65% of the total dollars currently invested in technology products and services at their organizations.