IT Scores an A+ with CEOs, Business Owners

September 2, 2014

Modis CEO Survey 2014

SURVEY BACKGROUND

Background •  This survey explores CEO and business owner opinions of their IT

department, specifically focusing on perceptions of IT leadership. Methodology

•  This report presents the findings of a telephone survey conducted among a sample of 500 business owners and CEOs, living in the United States, of which 206 had IT departments. Interviewing for this survey was completed on July 27th – August 12th, 2014. The margin of error is +/- 4.38%

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KEY FINDINGS

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Senior Leadership in IT Continue to Prove Themselves a Valuable Asset to CEOs and Business Owners and in the Process Earn Greater Share of Budget •  CEOs and business owners trust their IT senior leaders as the overwhelming majority believes their CIO hires the right

IT talent for their business. In fact, almost all (93 percent) CEOs and business owners believe that their company’s IT department with play a critical role in their business in 2015.

•  CIOs are even making sure that other departments understand the role they play, according to CEOs and business owners, as nearly all (98 percent) say they adequately articulate the role IT plays at their company to other departments.

•  Nearly all CEOs and business owners believe their IT department is either delivering on par (51 percent) or above expectations (36 percent) when it comes to their return on investment. Only 7 percent do not believe they are meeting expectations.

•  As such, it comes as no surprise that nearly half (48 percent) intend to increase their IT budget in 2015, with almost as many keeping it the same (46 percent). Only a few (5 percent) are planning to decrease IT budgets in 2015. •  Nearly all CEOs and business owners trust their head of IT to appropriately invest in technology that will grow their

business (98 percent).

MAIN FINDINGS Senior Leadership in IT Continue to Prove Themselves a Valuable Asset to CEOs and Business Owners

1%  5%   7%  

36%  

51%  

Prefer  not  to  answer   NA  -­‐  My  company's  IT  department  is  not  responsible  for  delivering  on  

ROI  

My  company's  IT  department  delivers  an  ROI  below  expectaFons  

My  company's  IT  department  delivers  an  ROI  above  expectaFons  

My  company's  IT  department  delivers  an  ROI  on  par  with  

expectaFons  

CIOS AND HEADS OF IT MEETING AND BEATING EXPECTATIONS OF CEOS AND BUSINESS OWNERS

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Which of the following best describes the Return on Investment (ROI) your company gets from its IT department? (n=206)

Nearly all CEOs and business owners believe their IT department is either delivering on par (51 percent) or above expectations (36 percent) when it comes to their return on investment. Only 7 percent do not believe their IT department is meeting expectations.

Which  of  the  following  best  describes  the  Return  on  Investment  (ROI)  your  company  gets  from  its  IT  department?    

(among  those  with  an  IT  department)  

CIOS ARE REWARDED WITH GREATER SHARE OF BUDGET

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Senior leadership in IT continue to prove themselves a valuable asset to CEOs and business owners and in the process earn greater share of budget. In fact, nearly half (48 percent) plan to increase IT budgets in 2015.

I  believe  my  CIO/Director  of  IT  hires  the  right  IT  talent  for  my  business.  

80%      

My  company’s  IT  department  will  play  a  criFcal  role  in  the  overall  success  of  

my  business  in  2015.  

93%  

My  CIO/Director  of  IT  adequately  arFculates  the  role  IT  plays  at  my  company  to  other  

departments.  

98%      

CEO  or  Business  Owner  

Which  of  the  following  best  describes  how  you  believe  your  company  should  allocate  its  IT  budget  in  2015?  

1%  

5%  

46%  

48%  

Prefer  not  to  answer  

My  company  should  decrease  its  budget  in  2015  

My  company  should  keep  its  IT  budget  the  same  in  2015  as  it  is  in  2014  

My  company  will  increase  its  IT  budget  in  2015  

I  trust  my  CIO/Director  of  IT  to  appropriately  invest  in  

technology  that  will  grow  my  business.  

98%      

(among  those  with  an  IT  department)  

Do you believe your CIO/Director of IT hires the right IT talent for your business? (n=206) Do you believe your company’s IT department will play a critical role in the overall success of your business in 2015? (n=206) Which of the following best describes how you believe your company should allocate its IT budget in 2015? (n=206) Do you believe that your CIO/Director of IT adequately articulates the role IT plays at your company to other departments? (n=206) Do you trust your CIO/Director of IT to appropriately invest in technology that will grow your business? (n=206)

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