Nearly 80% of CIOs believe their organisation is falling behind their competitors due to the pace of changing processes, new data from Logicalis reveals.
According to its 2021 Global CIO Survey of 1,000 CIOs worldwide, 38% of respondents state they are struggling to keep up in increasing efficiencies, streamlining workflows (37%), and enhancing services (36%).
Despite this, three-quarters of the survey's respondents say they have increased innovation efforts. However, just 27% of CIOs describe innovation as part of their company culture.
“Businesses don’t have to approach innovation with an ‘all-in’ strategy,” said Toby Alcock, CTO of Logicalis. “It can start with optimising operational processes such as empowering employees to build their own workflows or automating a process that was previously manual.”
Less than a third (21%) agree that innovation is confined to specific areas and departments. A further 34% of CIO respondents also say that innovation consists of large-scale projects driven by dedicated teams.
According to Logicalis, the results of the survey suggest a lack of innovation embedded in company culture as well as organisational unwillingness to evolve and adopt modern technologies.
“The key to success is building an innovative culture where employees can surface and test new ideas quickly and be provided the time, tools and processes for them to do so,” Alcock continued. “By doing this, employees will produce ground-breaking ideas and solutions and in turn, will feel satisfied within their roles and employee turnover will decrease. Without taking these measures, businesses risk losing top talent to competitors that are more advanced.”
