“Workforce concerns are closely linked with technology transformation. Technology subcommitteeģ4 per cent of BoDs reported having a formally constituted IT, digital or technology subcommittee, while a significant majority (94 per cent) among them include the CIO or CTO as a member.Īdditionally, workforce issues were among the top strategic priorities for 52 per cent of BoDs, representing an 86 per cent increase in interest over the 2021 survey. "While Boards are shifting focus to the role of technology beyond IT, CIOs remain visible as a key partner in BoDs’ digital initiatives," the report said. The survey further found that 64 per cent of BoDs have attempted to change their enterprise economic structure to a more digital economic architecture.īoDs are changing their approach towards capital allocation and governance to accommodate digital investments.įor instance, 40 per cent of BoDs have moved digital business-related budgets to business functions, rather than a central technology or IT budget while one-third of them are changing the metrics used to evaluate ROI from digital investments. “For BoDs, the core focus is now on technology integration and creating a more enduring and systemic digital economic architecture, where technology is infused throughout the business and drives business outcomes," Iyengar further said. “Having invested so much in digital business over the past 12 to 18 months, enterprises are taking a pause to validate their strategy and ensure ROI,” said Iyengar. However, this is a slight decrease from the 2021 survey. Digital initativesīoDs also remain highly committed to digital technology initiatives, which was ranked as a top strategic business priority by 58 per cent of survey respondents. “This drove them to embrace the ‘try fast, fail fast approach,’ and into 2022, BoDs will continue taking risks such as making technology investment decisions with incomplete information or making financial bets without up-front visibility around a guaranteed return," Iyengar added. “During the pandemic, BoDs recognized that they needed to become comfortable operating in an environment of significant risk, as standing still was not an option,” said Partha Iyengar, distinguished research vice president at Gartner. A majority of Boards of Directors (BoDs) have increased or expect to increase their risk appetite moving into 2022, according to a new survey from Gartner, Inc.Īccording to the survey, 57 per cent of BoDs have increased or expect to increase their risk appetite.īoDs cite economic uncertainty (38 per cent), disruptive business models from competitors (35 per cent) and cost inflation due to supply shortages (28 per cent) as the top risks to business performance.