Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: New Generation of Technology Will Rely on Analytics, Study Shows
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > New Generation of Technology Will Rely on Analytics, Study Shows
AnalyticsBig DataBusiness IntelligenceData ManagementData QualityITModelingPredictive AnalyticsWeb AnalyticsWorkforce Analytics

New Generation of Technology Will Rely on Analytics, Study Shows

infogix
infogix
4 Min Read
SHARE

A new era of information technology is emerging where analytics and business intelligence is coming out on top, and security is keeping IT leaders up at night.

That’s according to the Society for Information Management’s (SIM) 35th annual SIM IT Trends Study, a survey of more than 1,000 IT leaders, including 451 chief information officers from 717 unique organizations. The companies average $5.6 billion in annual revenues, representing approximately 25 percent of the U.S. economy’s Gross Domestic Product.

A new era of information technology is emerging where analytics and business intelligence is coming out on top, and security is keeping IT leaders up at night.

That’s according to the Society for Information Management’s (SIM) 35th annual SIM IT Trends Study, a survey of more than 1,000 IT leaders, including 451 chief information officers from 717 unique organizations. The companies average $5.6 billion in annual revenues, representing approximately 25 percent of the U.S. economy’s Gross Domestic Product.

More Read

Image
Too Much Big Data, Too Few Big Ideas
8 Ways That College Sports Teams Can Use Data to Prove Value to Sponsors
Hadoop in Advertising: How Big Data Helps Make Smart Decisions
Getting to Enterprise Application 2.0
Preparing Yourself to Move to Apache Spark

The SIM IT Trends Study’s lead researcher says, based on his findings, there hasn’t been such an important change in IT since the dot-com boom.

“We are in a time of profound change for business, technology and IT leadership,” said Leon Kappelman, Ph.D., Professor at the University of North Texas and SIM’s lead researcher and Professor of Information Systems at the University of North Texas. “Results show the focus of IT organizations and their leaders is changing, with a new emphasis on business value, strategy, innovation and speed.”

In the study, participants were asked to select three of their “organization’s largest/most significant current or near-future IT investments” from a list of 47 technologies. Analytics and business intelligence were chosen both as the No. 1 most important technology and as the No. 1 largest IT investment in the organization.

Coming in second was enterprise resource planning, followed by software development and customer relationship management.

The personally most worrisome technologies, however, were also measured. In this category, security and cyber security moved up from second to first, and were selected by more than 31 percent of the respondents. The study also reveals that curbing cyber security concerns, on average, is only the seventh largest IT investment for the organization.

But that may be changing. Kappelman says with the new focus of IT also comes a new role for the CIO. More than 55 percent of the nearly 500 CIOs who responded said they are part of the top management team that makes strategic business decisions, shattering the notion of a former disconnect between IT and business leaders.

The value of the CIO is also reflected in the position’s tenure. The SIM study reveals that the CIOs who responded to this year’s study reported longer tenure than any year in the last nine years, except for 2012.

It’s great to see that the true value of IT and the CIO is finally being recognized by the C-suite, with the power of moving companies toward digital capabilities as the new hallmark of business operations.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Stock Picking using Data Mining: Parameter Tuning

2 Min Read

Amazon Virtual Private Cloud

2 Min Read
cloud computing small business potential
Big DataData WarehousingIT

Cloud Computing and Your Small Biz: Is It a Match Made in Heaven?

5 Min Read

Looking at Trees to Understand the Forest

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?