Source: European Lists Blog

European Lists Blog Top 3 Challenges Facing European CIOs

Successful organizations are focussing more on strategic methods to approach challenges that speckle the path of success. In doing so, they are investing big on technology and on creative and organized leaders to manage them. The Chief Information Officer is thus an integral part of multinational business enterprises. The rising popularity of Information and Communication Technologies reiterates the need for businesses to have the best CIOs at work and to provide them ample opportunities to prove themselves. European CIOs have specific business challenges that they need to overcome in order to add value to business. The competing demands on their time make their job all the more challenging. Europe is facing multiple crisis owing to Brexit and several other changes in the business landscape. Therefore they are finding ways to combat the business challenges to augment business and to ensure that their contribution yields results.The Top 3 Challenges that the European CIOs are facing today include:Digital Transformation Transformation is integral to the business agenda of modern CIOs and the trend has been increasing over the years. There is a rise in demand for digital-first business and CIOs the world over are looking at ways to tackle the rising digital transformations and its effect on business revenue. European CIOs are expecting digital revenues to rise from 16% to 37% in the coming years.Employing Cloud to Create An Agile Platform Business leaders are often on the lookout to promote agility and there have been discussions on whether the cloud has reached a tipping point. According to a recent survey, the public cloud workloads are likely to rise from 5% to 17 %.Zeroing in on the most suitable talent to meet IT business demandsAccording to research there is immense lack of in-house talent and European CIOs are working towards achieving their business goals. The analyst research suggests that 22% of IT leaders believe in the continuing skills gap which is the major barrier to success. The talent gap is mainly seen in big data, analytics and information management. CIOs face the challenge of hiring the best talent and retaining them to meet the IT business needs.The changes in the European Business LandscapeThe banking crisis across Italy plays a major role in the destabilization of the domestic politics. Estimated 17% of all loans from different Italian banks are NPLs. The declining German exports owing to economic woes across Asia and Russia have resulted in decline in revenue across Europe. The Economy of the European Union is built across the exports of Germany hence any hurdles that Germany faces will impact the European Business landscape significantly.There are many factors that have impacted the European business. CIOs and IT leaders have dedicated time and resources to tackle the hurdles effectively. With strong belief that people are still the best assets in the digital era, they are raring to go. You may reach such enterprising CIOs from Europe with the verified European CIO email list from European Lists. Designed with precision for global campaigns, the lists are going to give marketers the results they have desired for.Written by: Agnes Tom for European ListsList Source: European chief information officers mailing listContact: +(44) 800 088 5190Email: [email protected]

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