A CIO-CEO coalition is vital for business success today as their support is needed for digital projects. Though 62 percent of companies have programs to support digitization efforts, without the senior management involvement it is difficult. In this article at CIO.co.uk, Charlotte Trueman suggests two ways true CIO-CEO coalition can achieve business success.
Importance of the CIO-CEO Coalition
Since all businesses want to stay technologically advanced, they all have IT strategies in place. The CIO position is becoming indispensable. Some are even having regular meetings with CEOs to discuss business models and strategies. To make a true CIO-CEO coalition, the top management should work on the following tips:
Communicate Better: While CEOs in IT companies have fairly good technology know-how, non-IT CEOs do not. For a good CIO-CEO coalition, CIOs must simplify and explain the consequences or benefits of technology adoption to CEOs. Dog Star Solutions Darryn Warner resorts to storytelling to clarify ideas for CEOs and the board members. Radius Payment Solutions CIO Dave Roberts suggests that CIOs must talk in business terms to CEOS for better understanding. Harvey Nichols Group Technology and Innovation Director Fatima Zada constantly discusses upgraded IT news to earn strategy buy-ins.
Improve Collaboration: A 2018 CEO survey reveals that CEOs understand the importance of an IT strategy but need CIOs to guide them. CEOs are also more flexible about IT challenges, costs, and advantages when they have a clear picture. A CIO-CEO coalition would look after IT requirements as well as business goals. London School of Economics CIO Laura Dawson talks about how it is a boon that her CEO is interested in technology. He has ensured that everyone understands how the university is also into the technology business. It is important that both CIOs and CEOs do their part in making technology an integral act of surviving in the age of digital transformation.
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