CIO Insights Report 2023 - Innovation vs Execution

Reliance on the Right Technology Partners

Tech partners are critical to project efficiency, managing data systems and technology integration. A significant 59% of technology leaders surveyed entrust external partners to finalize their technology initiatives and 65% of participants asserted that these partnerships contribute to the streamlined completion of their projects.

It’s easy to try to skimp on

When it comes to selecting partners, there are three core considerations technology leaders prioritize: cost, skillsets/capabilities, and industry expertise.

dialogue and mutual

understanding, but it ends

poorly. Leaders and partners

While 60% of technology leaders expressed satisfaction with their partners, contrasting signals are apparent. A noteworthy 48% of surveyed participants actively seek fresh technology collaborations and 40% have contemplated terminating a technology partnership within the past year, suggesting a level of dissatisfaction. ‘Overpromising’ and ‘poor communication’ came up as common themes amidst strained partner relationships. Partners should be held to a high standard of both execution and strategy – while keeping an open and constant line of communication on what they can and cannot deliver with their current capabilities. In examining geographical trends in workforce distribution, the contours of onshore and offshore preferences come into view. Western Europe, Eastern Asia, and Eastern Europe stand out as key focal points for offshore locations, signifying a pronounced geographic concentration of tech workforce distribution in these regions.

need to come to the table with

what they need, and what they

need to be successful, and

figure out how they can help

each other meet their goals.”

Dave Cyr Director of Architecture at Concord

CIO INSIGHTS REPORT

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