The analyst firm's 2011 CIO Agenda technology

The analyst firm's 2011 CIO Agenda technology, based on the responses of some 2000 CIOs worldwide, indicated most in the position had a clear focus on the growth of their business for the then year, with a priority on improved business intelligence.

“Business intelligence is appearing fairly rapidly, and it’s been number one for several years,” Gartner analyst John Roberts said at a press briefing in Sydney.

“Nevertheless does everyone work for an intelligent business where everyone in your organisation has specifically the right information in the right format in the right time to make the possible question? I ask people in business processes that question and most of the time the answer I get is 'no'.”

“We’ve digitised more and more of our business processes across our organisation, nevertheless still I want you to say there are great opportunities to look for the white space,” he said. “We have an possibility to change business models thanks to the technologies that we have today.”

Finding new opportunities to create greater business value will be vital, according to Roberts, predicting CIOs could have adverse compensation or bonuses by 2015 if they can't deliver required levels of value to the business. Some CIOs and high-level executives, just as Commonwealth Bank's Michael Harte, already have a certain percentage of their annual compensation based on reliability of systems and customer satisfaction.