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What Top Tech Leaders Are Saying About Multi-Cloud Security, IT Innovation and Efficiency

Q3 Executive Pulse Study provides insights from over 400 tech execs and decision makers

The VMware Q3 Executive Pulse Study is now live and the findings demonstrate what matters most to technology leaders when it comes to multi-cloud security and IT innovation and efficiency as we head into 2023. Based on interviews with more than 400 technology executives and decision makers between August 2022 and September 2022, the research revealed these top IT priorities1:

  • Securing the multi-cloud

92% of IT execs report that they have a cloud security and risk team focused on governing the organization’s cloud strategy.

  • The need to rapidly adapt IT for changing business realities

Only 50% of enterprise technology executives strongly agree that their tech architecture can quickly support major changes to business strategies.

  • Be known for projects, not just tech services

Just under half,44%, of execs strongly agree the rest of organization views IT as a “technology services provider.”

These priorities are broken out by geography – across the Americas, EMEA and APJ – in the complete report. Further insight into key findings are outlined below.

Multi-cloud Security

IT leaders participating in the study largely agree that cybersecurity and privacy strategies pertaining to cloud platforms need to be strengthened within their organizations. Compared to other cloud security efforts, IT execs are least confident in their team’s ability to comply with data laws and requirements. Only 42% reported they collect, classify, manage and delete data based on established requirements such as business needs, privacy laws and cybersecurity risk tolerance.

The study also sought to gain insight into the scope of responsibilities attached to cloud security and risk teams. Study participants reported that the common practices they own span three key areas:

IT Innovation and Efficiency

Top takeaways4 that surfaced on the topic of IT innovation include:

  • IT is more likely to enable innovation when it’s tied to market changes, business opportunities, and risk mitigation.
  • About half of IT leaders are very satisfied with their organization’s ability to launch new teams that focus on “radical change.”
  • IT leaders are confident in their team’s ability to collaborate with groups outside of the IT organization to innovate and improve performance.

For matters related to IT efficiency and optimizing their technology stack and services, survey respondents consider the following strategies5 to be of high importance:

  • Applying a more rigorous IT Financial Management (ITFM)/ Technology Business Management (TBM) strategy to help plan, fund, pay and measure performance more readily.
  • Ensuring teams are optimizing technology strategies on specific initiatives.
  • Building a portfolio management program that consistently evaluates tech based on effectiveness and efficiency.

About the Study and Methodology

Responses for the VMware Q3 Executive Pulse Study were collected from 466 C-Suite and senior technology decision-maker respondents involved in application and infrastructure platform decisions, with a balance of VMware and non-VMware customers. The sample targeted 49% commercial (1,000-4,999 employees), and 51% large enterprise (5,000+ employees).

Download the full report here.


Cites

1-5. VMware Q3 Executive Pulse Study. Fall 2022.