As we move into the 2020s, leaders must self-reflect and focus on how they can improve upon past AI, 5G and other innovation technologies to drive results
"The start of 2020 marks a unique occasion to discover the opportunities that the interplay between people and artificial intelligence will create over the next decade.
The coming years promise a world of possibilities that will change the way we manage our daily lives, how we work and how we enjoy our interests and passions. The 20s will also be the first decade in which successful innovation in AI will define business performance...."
The CIO 100 celebrates 100 IT organizations for driving digital business growth through technology innovation. Honorees will be recognized at the annual CIO 100 Symposium & Awards Ceremony in August
"The CIO 100, now in its 33rd year, recognizes 100 organizations for their achievements in technology innovation.
Winners are chosen by a team of external judges (many of them former CIOs) on their use of leading-edge IT practices that produce measurable results. The award is an acknowledged mark of enterprise excellence.
This year's honorees exemplify what it means to deliver business value through the innovative use of technology. This elite group is creating competitive advantage in their organizations, improving business processes, enabling growth and improving relationships with customers..."
In somewhat of an irony, the demands placed on traditional firms in the digital age are evolving the often-untrusting parties of the chief information officer and the chief financial officer
"This relationship is forced into overdrive with the imperative to become flexible, adaptable and value driven. And with good reason.
Over a quarter of budgets are spent on transformation and for those doing it well, the payback can occur within 12 month, according to a Forbes Insight Report.
A healthy relationship between these C-suite leaders can lead to significant payoffs when it comes to digital transformation..."
Flexera's 2020 CIO Priorities report highlights a lot of moving parts for CIOs and technology executives.
"Customer experience is driving digital transformation projects, but technology executives have a lot of worries including cloud vendor lock-in, data quality, upskilling employees and business alignment.
Flexera surveyed 302 global C-suite executives in organizations with more than 2,000 employees. The Flexera CIO Priorities Report highlights how IT management is fluid, yet the more things change the more they stay the same with business alignment.
Among the high-level findings:..."
CIOs should focus on three immediate actions to prepare for the business disruption caused by the coronavirus, according to Gartner Inc.
"Research and advisory company Gartner has offered CIOs three immediate technological solutions to combat the disruption of the coronavirus on businesses.
Gartner is advising CIOs to establish or utilise digital infrastructure to help lessen the business disruption of the coronavirus, Covid-19....":
The good news is that the enterprise-level disruptions to the CIO role represent an opportunity to re-examine their positions and make meaningful adjustments -- especially at the mid-market level
"The role of the chief information officer is changing dramatically. A decade ago, CIOs were charged with managing and protecting an organization's network perimeter, intellectual property and IT assets. Often viewed as a compulsory cost center, a traditional CIO's work was generally preventative and reactive. Since then, major industry trends have altered conventional technology leadership roles. At the enterprise level, many responsibilities that would typically fall within a CIO's purview have been absorbed by other executive roles..."
Prepare for the future by adopting a risk-based approach. Following these five steps can help
"The role of the CISO is rapidly changing to include managing safety risks, as well as protecting sensitive information, according to a recent Gartner report. This shift is being driven by the deployment of cyber-physical systems (CPS) such as Internet of Things (IoT) devices used in building management systems and healthcare facilities, as well as operational technology (OT) devices used in manufacturing plants, oil and gas facilities, energy and water utilities, transportation, mining, and other critical industrial infrastructure...."
The escalating coronavirus crisis is already impacting IT markets as buyers and vendors adjust to a new set of assumptions and a new global economic reality
"Based on data indicators in 1Q20, International Data Corporation expects to see a significant slowdown in spending on hardware in particular during 2G20 with software and services spending also affected as the crisis reverberates through all sectors of the economy, including supply chains, trade, and business planning. By the end of 2020, in a pessimistic scenario, IT spending could grow by 1% compared to the original forecast of more than 4% growth, and these forecasts are more likely to trend down than up in the next few weeks...."
In my work at SAP, I support a community of SAP customers in India - INDUS.
"One of the initiatives of this community is a micro-community of people who are working in their respective organisations around the topic of digital transformation. Members of this community are from organisations of all sizes, differ in their positions in the organisations and also come from varying functions. The passion for digital transformation is what unites them.
They come together on a virtual meeting every month for about 90 minutes to listen to a thought leader or a practitioner and their approach to digital transformation. The first practitioner we hosted for this community was Rahul Raghuraman from Mahindra and Mahindra. He is part of the Group strategy office and he shared his thoughts, perspectives and how digital transformation is viewed in his organisation. What follows is what I learnt from the session...."
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