View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
February 13, 2013

Companies with strong C-suite and CIO collaboration perform better: report

Firms with higher Digital IQs reported a rise in 2012 revenues by 25%.

By CBR Staff Writer

Firms with strong, collaborative relationships between the chief information officer (CIO), IT department and other C-suite executives are four times likely to be top performing businesses when compared to their peers.

The PwC Digital IQ survey revealed that firms with the strongest Digital IQ useinformation technology to modify business models and develop new strategies.

"Digital IQ is about the CIO orchestrating rather than owning conversations," said PwC principal chief technologist Chris Curran.

"Social media, mobile channels and data analytics, along with the cloud, are making new business and operating models possible.

"Because enterprise responsibility lives across the C-suite for these issues, collaborative digital conversations are critical to bring it all together and evaluate and adopt these technologies."

These types of firms will be more aggressive in adopting mobile and social technologies for employees and customers as well as having clear approaches to organising, managing and measuring innovation.

PwC principal US and Global Technology Consulting leader Tom DeGarmo said firms with higher Digital IQs think differently about their IT strategy, opportunities, and risks.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

"Organizations with collaborative C-suite relationships have a shared understanding of corporate strategy between IT and business leaders and understand costs to implement that strategy," DeGarmo said.

PwC principal John Sviokla said: "Top performers view their CEO as a champion of IT who remains actively involved from strategy through execution and more often view capital IT investments as a means to support growth initiatives and leverage emerging technologies."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.