CIOs urged to act now to counter risks from eurozone crisis

13 December 2011

Chief information officers (CIO) must take action now if they are to protect their organisations from a worsening of the eurozone crisis.

According to technology research firm Gartner, CIOs currently face four major risk challenges in the current economic climate.

They include increased market volatility, worsening capital costs, human capital management and greater risk management worries, the study revealed.

David Furlonger, vice-president and Gartner Fellow, said that CIOs are the only executives working within organsiations “with sufficient visibility and potential capability to address the challenges posed by today's eurozone crisis”.

“Business leaders are crying out for CIOs to demonstrate more effectively the capability of IT and, specifically, to add value to the business. Therefore, this crisis also presents CIOs with an opportunity to make substantial and bold steps to meet CEO demands, and demonstrate the importance and true value of IT,” he explained.

Previously, Gartner made a number of forecasts surrounding IT organisations and users for 2012, which included an increased emphasis on the importance of cloud computing and the consumerisation of IT.

Figures predicted that the “investment bubble” for consumer social networks will have burst by 2014.

By Jim Ottewill

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