UK CIOs believe Brexit will contribute to country’s decline as global business leader

A worrying portent from Pivotal Software in its latest research: three quarters of CIOs in the UK believe the country will lose its position as a global business leader after Brexit.

The study, which polled more than 100 CIOs, 100 IT decision makers and 2,000 employees in the UK, argues diminishing access to talent – cited by 59% of respondents – and investment in technology (cited by 46%) were the primary factors in hindering business success.

On the flip side, almost three quarters (72%) of CIOs polled said the UK’s decision to leave the EU had ‘forced them to look at opportunities to expand business overseas and into new markets.’ An overwhelming majority – 93% of CIOs and 84% of IT decision makers – said they believe the ability to develop their own software was ‘essential’ for equipping their organisation to respond to the demands of Brexit.

44% of CIOs said they have invested more in software to ‘optimise their business for innovation’, while 17% said they have frozen all new investments, waiting to see the impact Brexit will have before responding.

“The results of our study demonstrate a clear lack of confidence amongst business leaders that Brexit will allow organisations to prosper on a global stage,” said Alan Coad, Pivotal vice president and managing director in a statement. “In order to survive, companies must adapt their mindset to one that embraces agility, staying relevant through a focus on continuous innovation.

“This must be the case for their software practices too, ensuring they are best positioned to content through the current Brexit negotiations and beyond,” added Coad.

As this publication has explored on various occasions, the CIO’s role continues to change with the rise of digital technologies. A report from the Cloud Industry Forum, issued earlier this month, found that for the majority of respondents, their job role had changed ‘significantly’ as a direct result of digital transformation.

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