CIO Obstacles That Will Occur This Upcoming Decade

We are going through changes in technology in ways quicker than we imagine. As a result, the number of CIO obstacles are also growing fast.

The role of a chief information officer changed over the years. Now, the main role balances between IT operations and driving strategic initiatives. This presents challenges for CIOs. Technology plays a huge role in businesses and that is getting bigger. Furthermore, that presents pressure to CIOs since they are expected to bring business value. 

Indeed, the job of a chief information officer is fulfilling. However, it presents many obstacles. It’s impossible to discuss all of them, but we have compiled a few of the CIO obstacles that will happen this upcoming decade.

Managing Data Protection

The EU’s GDPR enforces data protection. Up to this day, effective data governance still concerns companies. CIOs very well know the importance of careful data management. However, ensuring continuous compliance presents challenges to CIOs. Moreover, the GDPR released many new regulations organizations must comply with.

Penalties for violating data protection regulations are expensive. For example, huge companies like Google and British Airways paid fines over $100 million each. Moreover, the negligence of data protection brought huge reputational damage to these companies.

Every time a new law about data privacy is passed or amended, companies rewrite their policies to comply. Of course, that is challenging.

Finding and retaining talent with modern skills

We have seen over the years the growth of technology. This enabled companies to be more efficient. Yet, more businesses face an IT skills gap. That gap is between the supply of qualified IT professionals and the necessary IT skills.

According to Forester, 75% of businesses have a digital strategy. Yet, only 16% claim that they can deliver it. Another study reveals that 93% of businesses face a skills shortage.

This presents a challenge to CIOs. As noted, it is their responsibility to keep in track with technology trends. But, that could be a challenge when a company lacks skills. The competition never slows down and so should be your company. It is important to bridge the skills gap while operating at full speed.

Adopting New Technology Trends Faster (Microservices, AI, IoT)

Everyone loves technology trends. These enable clients to have a better experience. Moreover, these enable companies to be more efficient. Microservices, AI, and IoT are the most common trends today. Let’s have a short overview of those.

Microservices make flexibility and maintenance easier. This also makes the delivery time faster. Additionally, AI delivers multi-experience such as chatbots, voice, predictions, and more. As a result, AI when embedded in apps attracts more customers and improves their experience. This makes them happy and results in loyalty.

Meanwhile, IoT gives real-time analytics and decision making based on hundreds of data points. Yes, these technology trends guarantee efficiency for your company. So now, what is the problem? The shortage of professionals to develop these trends. 

Companies need developers and data scientists who can deliver such apps and systems. Furthermore, these can help your business grow and deliver real ROI. How will you get your smart apps and multi experiences out there when the odds seem stacked against you?

Rate this post:

Leave a Comment

Your email address will not be published. Required fields are marked *