MA

The Millennium Alliance is an invitation-only organization for Senior-Level Executives and Business Transformers.

212-256-9890
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

CIOs Reveal Rapid Growth In Technology Makes It Hard To Adapt

A recent article released by CIO Dive revealed that CIOs are having a hard time keeping up with the complexity of technology. The report was taken from a digital performance management company called Dynatrace, where 800 CIOs were surveyed globally.

The fact that technology is growing so rapidly has been a cause of concern among professionals, particularly CIOs, who claim that the complexity of technology makes the management of digital performance more difficult. As we know, managing digital performance is very important when it comes to enterprises and business operations.

“The rapid adoption of new technologies has driven this trend to where it is now and it will likely accelerate in the next 12 months, when 53% of CIOs plan to deploy even more technologies. As a result of this complexity, IT teams now spend an average of 29% of their time dealing with digital performance problems.” CIO Dive reports. 

Technology Is Becoming More Complex

It is really no secret that technology is growing, at a rapid pace. This pace has been growing a significant amount over the years, and with the growth of technology comes more complex tools that takes a certain kind of mindset to conquer and adapt to. As a business professional, especially a professional in the security scope, it is crucial to understand how this new technology works. If not, you will fall short.

In the survey released by CIO Dive, professionals reveal a bunch of reasons why they believe technology is becoming too complex to keep up with.

“Coming challenges like multi-cloud architecture and hyper-complex IT ecosystems challenge an organization’s ability to progress beyond physical databases and third-party cloud service providers. The philosophy of “More technology is better” has reached a tipping point.” CIO Dive reports.

The report reveals that 76% of CIO think that the growing information technology is becoming too complex is bringing challenges to managing digital performance. In other words, technology is interfering with carrying out digital tasks effectively, as well as managing performance within technology.

According to the report, CIOs are planning on adopting key technologies like cloud computing, microservices, and containers. The study also focused on the fact that IT complexity is growing so much, that 53% of CIOs are looking to dive into more technology within the next year. This means that CIOs are focused heavily on the technology scope, which creates a unique sort of pressure for professionals.

CIOs revealed that just one mobile or web transaction crosses about 35 different technology systems. This number differs greatly than 22 which was only 5 years ago.

“As a result of this mounting complexity, IT teams now spend an average of 29% of their time dealing with digital performance problems; costing their employers $2.5 million annually.” Business Wire reports.

CIOs are faced with a challenge in this digitally driven world, to either adapt to the complexity or to fall behind.

ciso7 banner

ABOUT THE TRANSFORMATIONAL CISO ASSEMBLY

The Millennium Alliance is thrilled to present our bi-annual Transformational CISO Assembly, taking place in Nashville, TN.

With the instances of cyber attacks increasing, businesses of all sizes are working tirelessly to secure their networks, devices, and data. Fortune 500 organizations are especially vulnerable as they have big data pools and thousands of people who need access. CISOs need to plan for worst-case scenarios, stay ahead of the latest IT Security transformation technology, and maintain their company’s information assets, all without losing sight of the corporate culture.

Are you a CISO interested in attending this event?  Inquire here today to find out if you qualify for Millennium Membership >>

Leave a Reply

PUBLISHED BY admin

Jenny Schecher is a Client Services Director & Social Media Manager at The Millennium Alliance. Jenny is an avid contributor to our blog, Digital Diary, as well as all social media platforms. When she is not writing about digital transformation and technology, she is working with her team to make visions come to life at our events. (and eating all of NYC's best food.) Follow her on Instagram: @jennyschecs or find her on LinkedIn!

View all posts by admin

Related Posts

#MillenniumLive , Interview , Marketing

#MillenniumLive with Eric Leininger from the Kellogg School of Management!

This week’s episode of #MillenniumLive features executive-turned-academic Eric Leininger from the Kellogg School of Management at Northwestern University! In this episode, Eric shares his insight on the swinging pendulum facing marketers today: whether the CMO role is truly disappearing, structural changes within organizations, metric challenges and how education has evolved for executives & students alike. […]

Exponea: 2020 Kickstart for Marketers

It’s a new year; a clean slate: a fresh chance to create the marketing plan you always knew could make your business grow like never before. So stop relying on ad hoc campaigns, stop scrambling for last-minute ideas, and start setting a comprehensive plan into motion. If you Google “Customer Lifecycle Marketing” or “Customer Lifecycle […]

#MillenniumLive , Podcast , Security

Interview with Matthew Karnas of Sila Solutions Group on #MillenniumLive

On this week’s #MillenniumLive, we sat down with Sila Solutions Group, recently acquired by Ernst & Young, LLP, a North American technology and management consulting firm that provides solutions for the world’s leading corporations and US government agencies. Matthew Karnas, Practice Lead for Cybersecurity & Risk at Sila Solutions Group, shared some tips for cybersecurity […]

Businesses Urged to Remain Vigilant Amid Foreign Cybersecurity Threats

As tensions between the US and Iran rise and the threat of major cyberattacks becomes more imminent, the Department of Homeland Security warns businesses to be extra vigilant. Experts expect Iran’s retaliation to involve widespread digital attacks that could affect businesses, mainly in the utility sector, as the goal is to disrupt American infrastructure. However, […]

Lovin’ Digital Diary?

Premium content to our readers interested in all things business.

Check Us Out!

Millennium Membership offers Fortune 1000 C-Level executives, leading public sector/government officials, and thought leaders across a variety of disciplines unique and exclusive opportunities to meet their peers, understand industry developments, and receive introductions to new technology and service advancements to help grow their career and overall company value.

About Millenium Alliance Next

About Digital Diary

Created to provide premium content to our readers interested in all things business.

Launched in 2017, Digital Diary was created to provide premium content to our readers interested in all things business. With our blogs catered to deliver the top news stories, trends, and interviews from across all industries.

Read all story Next

Interested in Millennium Membership?
Find out if you qualify here.