Intelligent Issue 07 | Page 63



CXOs balance the need for new investments in digital technologies to drive innovation and interoperability while addressing challenges with macroeconomics , IT resourcing and cost inflation . Sebastian Grady , President of Strategic Initiatives , Rimini Street , discusses how scarcity of budget , IT skills and labour affect a company ’ s Digital Transformation roadmap and the biggest challenge for CIOs .

Rimini Street , a global provider of enterprise software products and services and a leading third-party support provider for Oracle and SAP software products , as well as a Salesforce partner , has announced the findings of the Censuswide Buyers Sentiment Survey , IT Leaders : The Future Outlook Report 2023 , examining CIOs ’ and CTOs ’ IT strategies , initiatives , challenges and focus . The Rimini Street-sponsored research polled more than 1,000 respondents across more than seven industries in the UK , Ireland , the Nordics and the Gulf states and found IT leaders continuing to prioritise Digital Transformation and interoperability of technologies to achieve strategic , financial and operational business objectives in 2023 . The report further showed that respondents had to balance their digital innovation investments against a variety of current challenges affecting their organisation such as talent shortages , supply chain disruptions , macroeconomic cost inflation and geopolitical realities , including complex global sanctions and de-globalisation .

Key survey findings :
• Over half ( 62 %) say Digital Transformation is a high priority in 2023 , but among this group , 77 % are only in the planning stage of projects and 56 % currently do not have a Digital Transformation project .
• Three-quarters ( 76 %) of respondents have heard of composable ERP and 84 % of this group are expected to make investments in composable ERP in 2023 .
• Under half ( 47 %) feel the increased cost of living has led to the inability to meet salary expectations for new and existing staff .
• The majority ( 67 %) want to reduce legacy enterprise application support costs by switching to thirdparty support .
Sebastian Grady , President of Strategic Initiatives , Rimini Street , discusses Digital Transformation development and tips for those starting out on their journey .
Can you provide some further insight surrounding the current challenges respondents are facing when it comes to their digital innovation investments ?
I would start with the positive in that 62 % of respondents across Europe , Middle East and Africa ( EMEA ) say Digital Transformation is a high priority this year , but there are also variations as it is a higher priority in the Gulf States ( 66 %) than it is in the Nordics ( 60 %) or the UK ( 59 %) – interestingly there is also a big gap between CIOs ( 54 %) and CTOs ( 69 %) saying it is a high priority .
Many are still in the early stages of transition , as 77 % of region-wide respondents are only in the planning stage of projects and 56 % currently do not have www . intelligentfin . tech