The new CIO mandate: Strategy, speed, and scaled intelligence - McKinsey & Company
A transformative shift is occurring in businesses as Chief Information Officers (CIOs) evolve into strategic architects. Our Global Tech Agenda 2026 reveals that proactive CIOs are integrating AI and data into their operating models, thus moving from simple technology management to actively shaping their companies' futures. This shift is evident in our research, which highlights a divide between those CIOs modernizing technology merely for efficiency and those leveraging it for competitive advantage.
Top-performing companies have begun to view technology as a value creator rather than a cost center. For example, forward-thinking CIOs are embracing agentic automation to redefine operational processes and data productization for generating new revenue streams. These initiatives lead to higher earnings before interest, taxes, depreciation, and amortization (EBITDA) growth. Collaboration between technology and business leaders is key; nearly half of high-performing organizations report ongoing strategic co-creation.
Companies like DBS Bank and Aviva illustrate the concrete benefits of AI integration. DBS Bank restructured its operations into over 30 customer-focused platforms, which led to enhanced innovation and coordination. Aviva, through deploying over 80 AI models in its claims process, significantly improved efficiency, reducing liability-assessment time by 23 days while increasing customer satisfaction scores.
While challenges persist—such as data foundation limitations and change management issues—leading companies are adapting by investing in talent and reskilling their teams. Top performers prioritize AI as a key investment area, with a significant proportion planning increased budgets. This focus not only drives innovation but also reflects a commitment to integrating technology deeply into their business strategies, ensuring that technology serves as a catalyst for sustained growth.


