The 18th Harvey Nash/KPMG CIO Survey 2016 offers insights into issues faced by CIOs across China and Hong Kong.
A new joint KPMG and Harvey Nash survey finds that more Chief Information Officers (CIOs) in China report directly to the CEO than any other country in the region. The role of the CIO has never been more relevant or influential, with 67 percent of China’s CIOs now sitting on a board or executive management team, 14 percentage points higher than the regional average.
CIOs are of growing strategic importance in China and the trend is set to continue. China is encouraging development through innovation via a number of incentives. Companies are also enhancing their competiveness in the light of the intensifying competition. For example, the banks increasingly face challenges from the internet giants in terms of providing financial services. The role of the CIO is therefore of strategic importance to a company’s development, they are not only focusing on IT and data issues.