Innovation is the driving force behind most companies. Innovative advances help to transform both markets and the company as a whole. In an article for The Enterprisers Project, Deidre Paknad explains why there is no better time than now for the CIO to make moves to transform the business.
CIOs sit at the executive table 53 percent of the time in “technology-intensive” companies, well above the 17 percent of time their peers get. Even more interesting is that 65 percent of these CIOs are actively involved in creating new products and services. The CIOs that are stepping up to this challenge are doing so in four different ways:
- Digital strategy
- Moving towards the cloud
- Gaining clarity
- A change in style
Digital transformation goes beyond automation of manual processes; it truly capitalizes on the opportunity to produce information and obtain new data. Most industries have at least one CIO who is changing the industry and making this a reality. Take for example Ford: They utilized IT to help move their automobile company into a new company that is an enterprise of technology led mobility.
Most CIOs need to reduce spending in order to maximize their digital strategy. The cloud can be the answer to this. The cloud not only is a lower cost option, but one that frees up an exorbitant amount of space.
Speed is the factor that differentiates between those who do okay and those who are the best. Organizations that are slow to change will be inevitably left out in the cold. This change is additionally driven by clarity. Clarity helps for the right decisions to be made in a given situation.
Millennials have a different way in which they like to be managed, in that they like transparency. Leading CIOs not only acknowledge this, but they are able to bridge the gap between different generations.
You can read the original article here: https://enterprisersproject.com/article/2016/6/4-ways-cios-are-driving-business-disruption