Despite the continued economic and geopolitical challenges of 2022, the 1,006 surveyed CIOs and CTOs across Europe and the Middle East reveal some positive intent to digital transformation and IT strategies.
This report explores what challenges the CTOs and CIOs are faced with as they plan to deliver their 2023 IT strategies, their plans for modernising their ERP, and what initiatives are being put in place to tackle IT skills shortage, budgets, digital transformation plans, and more.
Digital transformation
% of respondents that see digital transformation as a high priority for 2023:
Journey to move their ERP to the cloud:
66%
59%
47%
69%
54%
GCC
UK
Nordics
CTOs
CIOs
1.4%
9.2%
26.4%
0.1%
62.8%
Not planning a move at this time
Already moved
Planning to move
Don’t have ERP applications
In the process of moving
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Composable ERP
This willingness to move to the cloud, despite the economic backdrop, suggests organizations across the regions understand that having the flexibility and scalability the cloud infrastructure offers, is key to digital transformation.
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76%
84%
57%
of respondents across the region have heard of composable ERP
in the Gulf States have heard of composable ERP
In Sweden, ONLY 57% have heard of composable ERP
Challenges Ahead
Top 4 challenges the CIOs and CTOs surveyed are anticipating for 2023:
Justifying to the board that the IT expenditure is delivering value to the business
1
2
3
4
Preventing employee burnout and keeping up morale
Ensuring the successful implementation of your organisation's IT initiatives
Managing employee expectations
(Nordics)
44%
40%
44%
41%
The IT Skills Gap
Reassuringly, all CTOs and CIOs surveyed are taking action to fill the tech talent gaps.
Here’s how they have been affected so far:
Cost of living means salary expectations cannot be met for new and existing staff
We are seeing more recruits demand a 4-day week working policy, which we are not set up to provide
Our senior executive team is demanding a return to the office which is putting off recruits
47%
40%
38%
How does your organisation stack up?
What is clear is that 2023 is not going to be any easier than 2022, but this is not discouraging companies from finding ways to continue their path towards digital transformation and innovation.
Those willing to be creative in their strategies are the ones that will thrive. Are you one of them?
Download the full report to assess your strategies against 1,006 CIOs and CTOs from across Europe and the Middle East.
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