How are Digital Initiatives Shaping CIO Strategies of Tomorrow?
Over the next few years, the primary focus for organizations will be on digital transformation. Business leaders now recognize that they must provide agility, scalability, and innovation to be competitive in a digital environment.
The burden that falls to you as CIO is to provide more capabilities and performance. At the same time, you’re required to provide maximum resource availability to satisfy both business and consumers. Driving a digital transformation at the same time can be a challenge.
To achieve this transformation you’ll the inclusion of IT in business strategy not just as a service provider, but an essential stakeholder. CEOs and business owners may have to make additional sacrifices and commitments to see that you can realize this transformation efficiently. This includes enterprise-wide collaboration on some or all of the following digital initiatives.
Given your challenges in integrating automated systems, IT is not as flexible as other business operations. It’s difficult to introduce innovation to an accepted infrastructure that’s in almost constant use due to the internet and mobile apps. But transformation requires agility.
As more leaders recognize the digital demands of future business activity, you should be finding increased funding and more support. You must learn to foster a prioritized vision for your IT objectives, where even demands like security and data management take a second place to focus on development and integration.
More third-party application are becoming available, so that it’s more difficult for companies to find alternative that provide genuine benefits over the competition. Technology itself is becoming more interconnected, such as self-driving cars and Wi-Fi enabled smart appliances. You must adapt to a more complex way of doing business.
Companies are beginning to place emphasis on technical partnerships and mobile apps to provide marketability. Your deliverable must embrace popular mobile devices and an increasing number of open-source platforms. Integrating with wider and already accepted technologies provides your company new revenue streams that differ from traditional ideas of product marketing.
In the era of big data and cloud-based business analytics, information has become one of the most valuable assets at any company. Using data to maximize profits and improve efficiency is an important aspect of your role in the foreseeable future. As the volume of data grows, you will look for more automated approaches to business intelligence.
A CIO may see analytics as a key asset of future business, but many stakeholders are not convinced of the value in investing more heavily. Data mismanagement has led to outdated or lower quality data yielding inaccurate results. Future benefits from analytics will require that you implement a data governance framework, and get top executives engaged in data-driven decision making.
Digital initiatives are likely to fail as business grows due to a lack of collaboration and effective integration. Digital transformation tends to be seen as simply a series of your specialized projects. Businesses that aren’t open to digital integration across the enterprise won’t have a clear picture of how you transform internal processes. Sales, marketing, HR, and other departments tend to compete for resources that detract from overall development. This is especially true if certain parties favor outsourcing or third-parry solutions rather than internal transformation.
You may find it difficult to architect a program of digital transformation without the consensus and participation of management as a whole. You must convince the various stakeholders to participate and collaborate in a mutual solution that benefits the whole organization. Digital transformation can be seen as an ongoing IT function where specific ideas are married to your technical knowledge.
Speed, quality, and innovation
Until recently, you may have been reluctant to take up an equal partnership in upgrades that only benefit other interests. Other departments may have no grasp of the time, money, and effort required in your software development projects. But in the near future all business partners will be open to innovation in pursuit of the common goals of quality results and fast delivery.
The Agile methodology works well not only in software development, but progress in other technical projects. Many companies are slow to deploy these principles, or to fully benefit from them, for fear that you might produce changes too rapidly to adjust to. But those companies that don’t embrace and adapt to rapid change are likely to fall behind. Transformation in the future needs to focus on not just your defined requirements, but speed of integration.
Most managers feel that IT should play a more pivotal role in business strategies, but few IT leaders are influencers today. In the future, however, you will find that more key executives will understand that you provides not just a core service, but the impetus and leadership for essential technical progress.