While 97% of businesses are taking on some digital initiatives, only 21% have implemented a company-wide digital transformation strategy, according to a recent survey from SAP and the Economist Intelligence Unit. The survey also found that the CIO is leading 37% of digital transformation efforts, but the IT team is only involved in finding innovative strategies 7% of the time. Alison DeNisco goes over why the CIO is essential to digital transformation for Tech Republic.
The CIO is essential because they know technology, have a lot of clout in the organization, and touch the bulk of the organization. CIOs who have successfully led digital initiatives have separated those tasks from their other duties and delegated operational tasks to other in the department to make time. DeNisco goes on to say this:
To ensure IT plays a bigger role in digital transformation, CIOs must approach the rest of the C-suite with an understanding of the business design and how to drive revenue. “It’s not the technology gain—it’s the business process transformation gain enabled by tools and technologies that are more powerful and easier to deploy than before,” Giacomelli said.
Lastly, CEOs want someone who is going to simplify and deliver the business transformation. CIOs will be relevant if they are able to reclaim ownership of that.
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