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The role of CIO becomes more strategic in China
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The role of chief information officers are becoming more influential, with 67 percent of China’s CIOs now sitting on a board or executive management team, 14 percentage points higher than the average level in the Asia Pacific region, as companies continues to embrace the latest information technology wave to drive business growth.
“The role of the CIO is therefore of strategic importance to a company’s development, they are not only focusing on IT and data issues, but are also providing constructive and innovative development strategies,” said Harry Huang, director of KPMG China.
As many as 74 percent of CIOs in China also felt their role was becoming more strategic, along with an enhanced focus on digital strategies in China, as 35 percent of organizations stating they have a clear enterprise-wide digital business vision and strategy.
The global survey covers a total of 3,352 executives worldwide.
The fast moving digital landscape also resulted in technology skills shortage, with 69 percent of Asian CIOs saying they believe a lack of talent will prevent their organizations from keeping up with the pace of change.
A total of 39 percent of respondents said they received an increase of budget for information technology related projects last year, with the growth pace generally in-line with the rest of the world.
Roughly a third of respondents said they received a pay rise in the last year, 8 percentage points lower than the average level in the Asia Pacific region.
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