Nashville Tech Story (12/23/09)
If you haven’t noticed, the role of the CIO is changing rapidly. Spurred by the recession, IT shops are being asked to do more with less, like everyone else, but they are also taking on more business processes than before. These are the results from the recent 2010 State of the CIO report from CIO Magazine.
CIOs reported their Top Priorities of 2010 to be following:
- Aligning IT and business goals
- Controlling IT costs
- IT governance and portfolio management
- Business process redesign
- Leadership development/staff training
- Marketing IT’s business contribution
- Rationalizing or centralizing the application portfolio
- Protecting customer data privacy
- Scaling IT globally
- Regulatory compliance
Most CIOs are thinking today about how are they going to get the job done with less resources? The answer so far has come from outsourcing and contract service providers. “21% is the average percentage of IT labor provided by outsourcers or contract service providers,” according to CIO Magazine. In Nashville, this industry has continued to grow with local leaders like Emids, Wipro, Zycron, and Syntel leading the way. In addition, the contract labor market is strong with companies like Vaco, Teknetex, and Tek Systems.
One of the more interesting statistics is the decrease in average salaries. Average salaries are dropping 10-20% in certain industries. Below is the average salary data for CIOs.
’06 . . . . $185,863
’07 . . . . $185,240
’08 . . . . $237,360
’09 . . . . $247,900
’10 . . . . $219,300
Of local interest, the percentage of IT spend of Total Revenues in Healthcare is 3.9%. The overall national average across all industries is 5.7%.
For more information, click here.
-Abbie Lundberg, former Editor & Chief of CIO Magazine will be with on January 19th and 20th to discuss trends for the technology industry. Click here to register.
