Supporting strategic initiatives outpaces pure efficiency and cost reduction elements in terms of the highest goals among insurance industry CIOs. That’s the takeout from Novarica’s latest research report: “Creating Enterprise Value as CIO.”
Novarica polled CIOs on what they perceive to be the area of highest impact on the company as a technology leader and nearly half—45 percent—listed “supporting new strategic initiatives” as the top response.
Josefowicz believes the report shows the evolution of the CIO as a “strategic business executive” as opposed to someone with specialized skills. Twenty-two percent of CIOs rated their relationship with business leaders as the most important factor in a CIO’s ability to deliver with another 17 percent responding “business alignment.”
Only 16 percent rated their technology knowledge and skills as their most important skill.