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MUMBAI, INDIA: A new survey points out that while a significant majority of CIOs of both genders believe that the digital world is creating new and additional risks in their environment; female CIOs are significantly more likely to express concern that investments in risk management and risk management practices are not keeping up with new and higher levels of risk in a more digital world. There are 76 per cent of female CIOs as opposed to 67 per cent of males here.

Female CIOs expect to increase their budgets by 2.4 per cent in 2015, whereas male CIOs report average increases of just 0.8 per cent, according to a survey by Gartner, Inc.

"For a second year in a row, the women in our survey are expecting greater budget increases than the men," said Tina Nunno, vice president and Gartner Fellow. "While it's not entirely clear why this difference exists, further survey data indicates that female CIOs are more concerned about underinvestment in risk initiatives than male CIOs. The risk data, combined with budget numbers, may indicate that female CIOs are more focused on the resource side of the digital equation than their male peers and are, therefore, requesting and accumulating more IT budget money."

Female CIOs were also slightly more likely to agree that the digital world is creating new and different types of risk and that agility will be important in dealing with these risks. While the data may indicate that women are more concerned about digital risks, it may also indicate that female CIOs are somewhat more risk-aware than their male counterparts.

The top five technology priorities identified by the survey are the same for male and female CIOs — with minor variations in order — reflecting a shared focus on analytics, infrastructure and data center, cloud, enterprise resource planning (ERP) and mobile technologies.

"For good or bad, women and men view the top priorities virtually identically," said Ms. Nunno. "Variations in top priorities by gender in past CIO surveys could often be attributed to significant differences in the industries where male and female CIOs worked. However, more recent data shows little difference in the gender dispersion of CIOs across industries, which may account for the consistency in prioritization."

When questioned more closely about technology leadership, the survey data indicates that female CIOs are more in agreement that analytics are increasing in importance for their organisations. Thirty-two percent of women CIOs agree that there is a shift from backward-looking reporting to forward-looking analytics, and this compared to 22 percent for male CIOs. This difference becomes more extreme when the CIO reports to the CEO, when the percentages become 42 per cent and 23 per cent for female and male CIOs, respectively. Predictive data is foundational to strategic outlooks and discussions, and therefore a high priority for many CEOs.

To a larger extent than male CIOs, female CIOs also agree strongly that new types of information such as social information and multimedia are increasing in importance (19 per cent vs. 13 per cent), and again this difference is enhanced when reporting to the CEO (23 per cent vs. 14 per cent). Such variations in gender responses may relate back to differences in how women and men view enterprise risk and the role of information in managing those risks.

The survey also found female CIOs were slightly more likely to say that they needed to change their leadership style in the next three years than were male CIOs (79 per cent vs. 74 per cent). However, the remaining data shows little notable statistical variation, indicating that male and female CIOs spend their leadership time similarly and see the need for leadership change almost identically.