As the pace of digital transformation is increasing at a rapid speed, more and more large UK businesses are looking for CEOs with a background in IT.
According to the analysis of FTSE 100 companies, the number of CEOs with a background of IT has trebled over the past four years, demonstrating the impact that technology is having across businesses.
Changes in technology over the past couple of years have seen a rise in the number of CIOs simply moving up to the top job, these are the people who can already understand how technologies can be applied to enable businesses as well as cut costs.
With digital transformation delivering new challenges and opportunities, large businesses today are updating their internal operations through the latest IT infrastructures and transforming their customer facing businesses through technologies such as mobile, cloud, big data, artificial intelligence and social media. Increasing the need for CEOs with IT knowledge and enabling businesses to grow at the same rate in which technologies are moving.