IT - CxO

People with a growth mindset can prove crucial to IT teams chasing ambitious goals. Look for these characteristics and behaviors in your team - and nurture them within yourself

"Organizational psychologist Carol Dweck made a name for herself measuring the impact of mindset on human performance. More than a decade ago, she synthesized her research on the subject in her book Mindset: The New Psychology of Success. In that book, Dweck distinguished people with 'fixed mindsets', who believe that basic qualities like intelligence or talent are static, from those with 'growth mindsets,' who believe that they can develop talents and capabilities over time through effort. Those who fall in the latter group, Dweck found, thrive on challenge; as a result, they are better at problem solving and adapting to change..."

6 IT Management Traps To Avoid
CIO, July 12th, 2021
When the work gets stressful, it's easy to fall prey to quick management fixes that can harden into habits that do more harm than good

"IT leadership is challenging work. In addition to devising technology strategies that create maximum business value on a budget, you have to establish and motivate a highly productive team capable of tackling a wide range of technical issues while executing your vision for IT.

At times the overwhelming nature of this work can lead even the best IT leaders to succumb to habits and management philosophies that on the surface appear to address a pressing need at hand but ultimately do your department more harm than good..."

A digital business technology platform provides the architecture to allow software engineers to build initial capabilities and add to them over time as business needs and technology change

"When a health insurance company launches an app that allows members to print their insurance card or refill prescriptions, the outcome is digital business optimization that improves the existing business. But if that same company launches a telehealth arm, its ambition would be toward digital business transformation through a fully digitized product. Whether the end goal is to optimize or transform, organizations need a digital business technology platform (DBTP) to enable it.

A DBTP provides the architecture to interlace and orchestrate five overlapping technology sub-platforms critical to digital business. The five include: information systems; customer engagement; data and analytics; Internet of Things (IoT); and partner ecosystems..."

Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast from Gartner

"As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations worldwide according to Gartner, with boards and CEOs being more willing to invest in technology that has a clear tie to business outcomes, and less so for everything else.

For example, the IT services segment is among the top three highest growth areas for 2021 primarily due to a boost in infrastructure-as-a-service (IaaS) spending that supports mission critical workloads and avoids high on-premises costs.

The IT services segment, meanwhile, is forecast to total $1.2 trillion in 2021, an increase of 9.8% from 2020..."

The pandemic caused a rapid acceleration of organizations shifting to the cloud. Now is the time to take a step back to review your move to the cloud to ensure it's strategic and effective.

"The shift to the cloud was already well under way but has been expedited for many companies because of the pandemic. The spike in cloud adoption also caused a spike in worldwide end-user spending on public cloud services, which is expected to grow 18.4% in 2021 to a total of $304.9 billion, up from $257.5 billion in 2020.

The rapid move to the remote work model that the pandemic created caused companies to rethink the use of corporate real estate and on-premise data centers, while also forcing them to rewrite and reconsider business models for this new way of life. As a result, chief information officers were pushed to accelerate their cloud adoption efforts with plummeting IT budgets. What was once a calculated journey turned into a quick shift without strategic intent, which causes the potential for unplanned high cloud consumption costs and bottlenecks in performance..."

The Evolving Role Of The CISO
threatpost, July 16th, 2021
Curtis Simpson, CISO at Armis, discusses the top qualities that all CISOs need to possess to excel.

"Digital technologies have infused every aspect of a business, especially with the shutdown of the physical workplace. The increased interdependence between the physical, digital and cybersecurity worlds demand a leadership position that combines both the technical know-how and the ability to recognize security priorities from a business perspective. Paired with the slew of new threats impacting businesses amid a global pandemic, and the increased scope of what needs to be secured, the past year has propelled the evolution of the CISO.

Specifically: While CISOs were once known solely as the security risk managers, CISOs are now expected to be business enablers of an organization..."

With each passing year, cyber security challenges have become more complex and more frequent. But along with this, the threat they pose to the business revenue of an organization has become immense

"This is even more true in these times when the world is trying to recover from the pandemic. Cyber attackers are trying to make full use of this opportunity provided to them by the uncertainty of the future that companies face today.

Monetary Losses Due to Cyber Attacks in Numbers

Almost every cyber attack leads to financial losses for a company. Whether it is the money spent to pay ransom in case of a ransomware attack, money spent to recover data lost in a leak, or money lost to direct cyber frauds like BEC attacks, there's always a monetary loss involved in a cyber attack.

Mentioned below are some numbers for the global monetary losses due to cyber attacks:..."

Unilever North America CIO Alessandro Ventura has created a digital literacy curriculum to drive tech innovation

"Alessandro Ventura, CIO and VP Analytics and Business Services for Unilever North America, sees a distinction between digital transformation and digitization. 'After a digital transformation your business is different than it was before,' he says. 'Digitization, on the other hand, automates processes but does not change the substance of your business.'

For Ventura, digital transformation starts with self-reflection and asking big questions-What should our business be in the future? How will we respond to shifts in competition and consumer behavior? How are we changing the customer experience?..."

How are you fighting turnover right now? Award-winning CIOs share tips on how to ensure your best IT talent feels compelled to stay

"As companies consider what's next after the pandemic, experts have warned of a developing turnover tsunami on the horizon. With expanding 'work from anywhere' policies, location may no longer play a role in talent retention. Wise business and IT leaders are taking a proactive approach to ensure their best talent has plenty of reasons to stick around.

We caught up with CIOs who recently won the 2021 Chicago CIO of the Year ORBIE Awards to learn how they are retaining top IT talent today. The awards were presented by the Chicago CIO Leadership Association, a professional community that annually recognizes CIOs for their excellence in technology leadership..."

Technology Spending Enters a New Build Budget Phase

"Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc.

'Technology spending is entering a new build budget phase,' said John-David Lovelock, distinguished research vice president at Gartner. 'CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021. This means building technologies and services that don't yet exist, and further differentiating their organization in an already crowded market.'

As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations..."

The telecom's CTO, Jeremy Legg, lends advice to IT leaders executing digital transformation at scale. The skinny? Business and IT alignment are critical

"Legacy systems present headwinds for telecommunications carriers as much as if not more than in any other sector. That's holds true for AT&T Communications, which is in the midst of a sweeping overhaul of its technology infrastructure and processes, the better to support 5G networking and other emerging technologies.

Since joining AT&T from WarnerMedia in 2020, CTO Jeremy Legg has forged a new organization to operate IT, software, security, and data architecture. This tech team began upgrading infrastructure and processes to improve the employee experience, including consolidating data centers and migrating internal apps and systems to cloud providers; streamlining data capabilities to make the business more agile and integrating front-end and back-end services and databases while phasing out legacy apps..."

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