It's well-established that some CIOs are ceding control of certain IT assets, as CMOs and other executives purchase technologies to accelerate growth. But CEOs running companies conducting digital transformations are also spending more on technology that drives innovation, according to new research from PwC. For CIOs, that means working with all of their fellow C-suite stakeholders to demonstrate their value to the business. Those who don’t risk marginalization.
Some 73 percent of 2,000 business and IT executives PwC surveyed say that CEOs are taking more active roles in the pursuit of digital technologies intended to help grow their businesses, a significant increase over the 57 percent who indicated that their CEO was in the digital driver's seat in 2013. What’s happening? Digital disruption is driving changes across corporate cultures – changes that affect the employees, process and technologies for which CEOs are responsible. That makes chief executives natural candidates to lead digital transformations, says Matt Egol, partner at PwC and chief strategy officer with PwC Digital Services.
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