The business landscape is facing a unique set of challenges that haven’t been seen in decades. Inflation is currently at its slowest five-year growth rate since the 1970s, and geopolitical instability is adding more unpredictability. Many organizations are still feeling the effects of the pandemic, especially in workforce management. Issues like “quiet quitting,” labor shortages, and the complexities of managing a remote or hybrid workforce continue to be major obstacles.
For CIOs, these issues add layers of complexity that require strategic planning and innovative solutions. Despite these difficulties, there’s a positive trend emerging: the role of the CIO is gaining more recognition and influence. According to Foundry’s State of the CIO Study 2023, 77% of respondents reported an increase in the CIO’s status within their organizations, along with higher budgets. This growth in visibility and resources positions CIOs to play a key role in guiding businesses through uncertain times.
Download this PDF to explore more about the evolving role of the CIO and strategies to navigate the current business landscape.
