Organizations are challenged to quickly amass data and put it to work, delivering insights for business and creating new revenue streams
"In a technology-hungry world, industry boasts of the virtues of data. Potential? Loads of it.
Every 10 minutes, two million devices connect to the internet and generate 27 million gigabytes of data, said Renée Lahti, CIO of Hitachi Vantara, speaking at the Interop IT conference in Las Vegas last month.
Devices have generated 90% of the world's data in the last three to four years.
Organizations are challenged to amass data and put it to work, delivering insights for business and creating revenue streams. Each organization builds out data portfolios in a different way, tackling resource constraints and efforts to court stakeholder investment.
At Interop, Lahti and two other CIOs outlined data strategies and obstacles their businesses overcame to employ the analytic-heavy technology..."
Check out these five thought-provoking HBR articles, curated especially for CIOs and IT leaders
"Each month, through our partnership with Harvard Business Review, we refresh our business library for CIOs with five new HBR articles we believe CIOs and IT leaders will value highly. These curated pieces are available now through the end of June.
'Leaders who ask for critical feedback are seen as more effective by superiors, employees, and peers, while those who seek primarily positive feedback are rated lower in effectiveness,' writes organizational psychologist Tasha Eurich in this HBR article...."
What is a winning digital transformation strategy? For many companies, it starts with an overhaul of their software environments. Our comprehensive guide explains how it's done
"The digital economy is here, and it requires organizations to use a portfolio of digital assets to survive and, if done well, to thrive.
Newer companies often have an advantage here. Businesses that were 'born digital' have created products and business processes centered around internet-era technologies from their start; as such, they tend to be leaner, more agile operations that are capable of reacting quickly to market dynamics by scaling, adjusting and shifting their technologies to meet changing market needs. Digital business models are in their DNA..."
CIOs have a unique opportunity to take their place as business leaders. Most are missing out.
"'A seat at the table.' This overused phrase comes up in almost every conversation about the role of the CIO in an organization's leadership. IT leaders have been saying for years that they need to be included in strategic planning, and in high-level C-suite meetings, and to have a direct line of communication with the CEO.
The opportunity to do just that is finally here for CIOs smart enough to take it. That's because CEOs and other top executives are more focused on technology than at any time in the past..."
A study by Deloitte and MIT Sloan Management Review highlights how managers expect their companies and careers to change in unforeseen ways due to digitization
"Companies that are more mature at digital business are more likely to partner, develop cross-functional teams and adopt ethics policies, according to a survey of 4,800 managers by Deloitte and MIT Sloan Management Review.
The study, which is in its eighth year, highlights that digital business transformation efforts are commonplace and now it's a case of maturation. The study also highlights how managers expect their companies and careers to change in unforeseen ways due to digitization..."
If everyone's a thought leader, then no one is. Here are 5 talents to look for when you're recruiting
"In '5 things to consider before launching a thought leadership team,' I offered considerations for spinning up a thought leadership team, and provided some guidelines for positioning such a team within your company. Beyond justifying the need for a discrete organization - which, I argued, could pay for itself in both revenue growth and brand enhancement - I suggested that true thought leaders are a rare breed of professional. Here are five immutable characteristics of an effective thought leader..."
Talent alienation is the biggest issue behind the cybersecurity management skills gap, but it shouldn't be the case
"Who wants to be a CISO these days? And at which stage in your career should you consider the move? What balance of managerial and technical experience do you need to have? And where do you go from there? (what's the step after next? ... always the most important question in terms of career development)
Those would be valid questions for many executive positions but when it comes to the role of the CISO, they seem to acquire a different meaning..."
CIOs are increasingly working with business peers and third parties to develop new digital products and services, a major theme at the MIT Sloan CIO Symposium in May
"CIOs long ago shed their perception as order-taking technologists to those with a seat at the executive table, a badge of honor that underscores their arrival as trusted business partners. But to retain this elevated status in an era when businesses are increasingly leaning into digital capabilities, today's IT leaders must now co-create new products and services for customers..."
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