The Apparent Connection between CIO's Success and Business Outcomes
To the Cloud & Beyond A Death Knell for Private Data Centers?
Mastering Partnership with a Remote Data Center
Datascience: The Three Lessons Learnt
How Today's Data Centers Enable CDNs
Georgios Kyriakopoulos, VP of Equity Research, SunTrust Robinson Humphrey
Thank you for Subscribing to CIO Applications Weekly Brief
Understanding the Business First
By Aaron Gette, CIO, The Bay Club Company
The role of Chief Information Officer (CIO) was formed in the early 1980s, now almost 40 years in the making the responsibilities of the CIO has profoundly transformed. The original CIO operated as senior executive in the enterprise with responsibilities that included information technology and systems that supported business goals. Today’s business needs are rapidly changing, and the CIO role must transform to succeed in the ever-present digital landscape.
CIOs must adapt to the rate of change and overcome these challenges or they will be left behind with legacy systems. The modern CIO is expected to take on multiple responsibilities embracing the management of platforms, systems, and teams. The emergence of data governance, user mobility, and cloud infrastructure are the keys to IT strategy, while also investing in security balanced against improving data speed and access to provide the analytics to drive business decisions in real-time. CIOs must create true systems integration across platforms to identify trends, threats, and partners that align with the business goals. The CIOs must ensure a company’s data is clean, accessible, easy to understand, and secure while also managing the power of a distributed work force.
CIOs face many challenges, with IT playing an even more important role in core business strategy than it has in previous years. The management of systems with data analysis and cloud infrastructure, empower CIOs to operate with agile development and be responsive to identifying and implementing new business processes.
While much of the responsibility of a CIO has shifted away from managing servers in a data center to managing cloud platforms, hardware is just as important today with the emergence of the Internet of Things (IoT). CIOs can now utilize IoT to gather intrinsic data across an entire business operation. Leveraging sensors to record and analyze data, which can lead to more efficient practices in every aspect of the business. The benefits are in both cost savings and in driving revenues as business learn more about their customer’s actions.
Instead of being a more traditional executive, CIOs must exert their influence over new technologies to not only identify cost-saving opportunities but to also drive additional revenue streams.
CIOs must have a way to validate a shared understanding of the business problem and the technology solution
With their knowledge of current technological trends, take on the responsibility of maintaining and in some cases, creating the company’s competitive edge.
The responsibilities of today’s CIOs working in the forefront are changing rapidly, and those who do not adapt will quickly fall behind.
Making a Difference: CIOs can change the way the C-suite sees technology though innovation collaboration. By building digital awareness, forming digital innovation teams, and creating innovative opportunities in the form of new products and services that move the business forward. This approach accelerates collaboration and optimizes the information for driving competitive advantage. The consumerization of IT, IoT, digital transformation, and disruption continue to modify how companies compete.
The C-suite is flooding demanding and looking for answers to the fluctuating landscape and how IT can create brand defining customer experiences that provide a competitive advantage. The executive team is likely looking to the CIO for direction on how to leverage mobile devices, social media, cloud, and emerging technologies as part of the business strategy. They are counting on today’s CIO to help them understand how all these pieces come together and how best to integrate them into the business to create customer value.
IT leaders can manage this initiative if done strategically across the business. Using digital innovation collaboration strategy, IT organizations can develop a truly collaborative process that enables teams to work together more effectively. To also develop new and improved products and services that create magical customer experiences. Today’s CIOs must see the complete ecosystem, throughout the entire value chain to successfully deliver innovation collaboration. Innovation collaboration provides the ability to look at processes from a unique perspective and generates opportunities to move the business to achieve its potential.
Advice for CIOs
CIOs can get sidetracked by innovation, technology trends, and the cloud, but the fundamentals of IT have not changed. The tools are constantly changing, but the fundamentals of IT and what leaders are responsible for has not changed. Ultimately a CIO must deliver capabilities and solutions that move the business, not demonstrate technical ability.
CIOs will never be able to automate everything, even if that is what the business is asking for, spending exorbitantly on automating processes that you could spend less to have completed manually is the right executive decision. CIOs can’t be successful without understanding the business that they are supporting. This acumen also requires validating that understanding, or CIOs end up delivering the wrong solutions. CIOs must have a way to validate a shared understanding of the business problem and the technology solution. When IT gets the solution wrong, it's due to a misunderstanding of the business context of the problem.
The IT team cannot spend all its time in IT, so find ways for every IT professional to spend a day working with colleagues in other departments. If you demonstrate a willingness to listen and learn, you develop a shared understanding of the problem and solution. Delivering on that strategy will build trust across the organization in both your team and your business. As you evolve your career in the CIO role, make time to develop and maintain trust into every aspect of your job.