Tuesday, 4 November 2014

CIOs feel pressure to innovate amidst disruptive technology threat


From Tech Republic

“The speed with which technology disruptors are entering the market is creating pressures and opportunities to innovate for CIOs. Discover why having the right reporting structure might help.

PwC's 6th Annual Digital IQ survey of close to 1,500 business and IT executives revealed that 67% of respondents are now concerned that the speed of technological change is a threat to their growth prospects (PDF). In particular, they're concerned about the potential impact of technology disrupters, which can change the face of business overnight.

One need not look further than the retail industry, where large, established box stores witnessed an e-commerce explosion led by Amazon that changed long-established strategies and operations and even back office functions, which include inventory stocking and warehouse distribution.”

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