Over half (60%) of UK Chief Technology Officers (CTOs) believe that technology is not aligned with the business objectives in their organisation, according to new research from developer marketplace platform Deazy.
The State of European Dev Ecosystem 2022 revealed that cybersecurity and data breach vulnerabilities were the biggest concerns for UK CTOs, with 52% saying that’s what kept them awake at night. One-third of CTOs said that a lack of IT resources to manage current projects and tech not delivering what the business needs were their biggest headaches, while more than one in five said a scarcity of technical talent.
There was positive news in terms of budgets. Two-fifths (18%) of CTOs said their organisation’s technology spend increased significantly over the past 12 months, while 61% said it has slightly increased. Despite this, insufficient resources (45%) and insufficient budget (40%) were two of the biggest reasons given for a technology project not getting off the ground, along with a lack of support from the board (42%).
“The idea that technology is not fully aligned with business objectives feels archaic in 2022, but the research findings clearly indicate that this is a real problem,” said Andy Peddar, CEO, Deazy. “CTOs are being asked to protect the organisation against data breaches and cyberattacks while developing new applications, supporting existing applications and managing hybrid working environments.”
