Enterprise leaders explain that analyzing and understanding the importance of IT through the views of stakeholders is critical in deciding how the IT department may need to update. For a long time, IT was considered to be a cost center. The main emphasis was on cost and performance. In the past decade, the role of IT role has increased in many enterprises. CIOs prefer to be identified as transformation agents or business strategists in the current scenario, and consider revenue generation as part of their profile responsibilities. CIOs are required to work smarter and more challenging to maintain or secure the right to be funded in the current digital transformation situation.