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IT spending on ‘innovation’ is now a priority

Patrick Thibodeau | Oct. 28, 2016
CIO tenure rises, spending on hardware and software declines, cloud services spending increases, says SIM.

The average job tenure of CIOs is on the steady rise, and is now at 5.63 years. In 2013 it was 5.20 years. In 2007, it was 4.10 years.

CIOs may also be gaining more clout in their organizations. In 2007, about 40% of CIOs reported to the CEO. That figure is now at nearly 46.5%.

Approximately 29% of CIOs report to CFOs, according to SIM.

 

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