Lim added: "Once the CIO is able to do that, the increased value of IT to deliver business service innovation will enable him the opportunity to find new revenue streams that can further drive growth in the organisation."
Cloud computing also had a strong impact on the IT department. The main drivers for change cited by the respondents are those which can be addressed through the adoption of cloud computing. The report revealed that 91 percent of respondents selected expanding volumes of data, an increasingly mobile/distributed workforce and the demand for business innovation as significant drivers for change.
Eighty-seven percent of respondents said they use IT to grow the business. Amongst CIOs not investing in cloud, just 55% could say the same. 80% of 'cloud CIOs' polled said they will need to develop new skills to remain effective in the future, compared to 63% of 'non-cloud' CIOs.
"As IT becomes more integrated with other business functions, cloud CIOs will can better leverage the capabilities of these new technologies and optimize IT's value to the business," added Lim.
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