After a rough last year for the Indian economy, a lot of organizations and their CIOs are looking forward to make up for lost time and development opportunities. In this article, Shubhra Rishi of CIO.in focuses more towards the top three growth drivers that Indian CIOs consider as beneficial for their respective companies and businesses.
The Top 3
- Increase in IT spend
- Focus on Growth more than Efficiency Improvement
- Delayed Decisions from Business
These three are accepted by a majority of Indian CIOs and seen as key elements that will impact their financial plans and budgeting. A lot of CIOs are firm on increasing their IT resources. More than 77 percent of Indian CIOs have reported a sizeable 17 percent increase in their IT budgets this year. That’s probably because of the improving economic weather which is encouraging Indian organizations to look at new investments in technologies–such as cloud computing, analytics, and mobile–to chalk out a definite path for business growth.
Indian CIOs have shifted their focus toward creating competitive advantage, penetrating new markets, and increasing market share, and improving collaboration between stakeholders. CIOs in the IT/ITeS sector are more focused on growth by increasing customer impact.
This year, CIOs from all across India are really determined to compensate on their losses. Yes, many blame the economic issues which made businesses make delayed decisions, taking more calculated choices last year in terms of IT investments. But this year, it looks like deferred decisions are no longer a hindrance to most Indian CIOs; they are now willing to take more calculated risks in their respective business endeavors. The tough year that was 2013 is slowly but surely improving. Enterprises across India have showed improvement and signs of growth once again. Their IT industry is not excluded. These growth drivers will help keep the economic gloom away.
Read the Original Article: http://www.cio.in/article/indian-cios-pick-top-three-business-growth-drivers