Some 69 percent of chief information officers (CIOs) in Southeast Asia want to decrease their controlling approach to managing projects and people. This is according to a newly released report by Gartner, which indicates that CIOs recognise the need to adapt their leadership style in the next three years to succeed in digital business. The focus will now be on significantly increasing their visionary and coaching attributes.
Findings of the survey are based on responses from 117 CIOs from the Southeast Asia region, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
Ninety-one percent of the respondents agreed that they are shifting from backward-looking reporting to forward looking analytics.
"While CIOs in Southeast Asia are more bullish about digital technologies than their global counterparts, they are generally more constrained by immature digital risk management processes," said Sid Deshpande, principal research analyst at Gartner. "To realize the benefits of digital technology investments, CIOs in the region really need to innovate on people and process opportunities."
Larger increase in budget
CIOs in Southeast Asia expect a larger increase in budget in 2015 (3.6 percent), and 68 percent have a deputy CIO role in place to manage day-to-day IT operations. They spend 50 percent of their time on average with either the board of directors, C-level executive peers or business unit leadership.
Out of the total, 43 percent believe they should lead the digital change but only 15 percent of CEOs share that perspective. And 86 percent agree that the digital world is creating new, different and higher levels of risk. But 81 percent believe their current investments in risk management are unable to keep up with the increasing digital risk to which their organisations are exposed.
"This recognition of ineffective risk management investments is a good first step towards remediating the problem," added Deshpande. "Changing risk management approaches for the digital era will require CIOs to increase employee awareness and foster a digital risk culture within the organisation."
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