What CEOs Really Want From CIOs of today (2).pdf
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CEOs today seek CIOs who can integrate technology and data into every aspect of the business rather than operate in silos. Key responsibilities include redefining business structures for a data-driven economy, utilizing cloud computing for agile development, and enhancing analytics capabilities while leading digital transformations. Effective CIOs must adopt a holistic view to reshape organizational operations, focusing on both technological advancements and leadership across business functions.
What CEOs Really Want From CIOs of today (2).pdf
- 1. What CEOs Really Want From CIOs of today Each CIO post description includes something resembling the 12 roles and requirements. This list outlines what CEOs are currently looking for in their CIOs. However, it's not necessarily what CEOs really need from their CIOs. In the current data-driven economy, in which analytics and software have become the main factors in business, executives must reconsider the hierarchies and silos that fueled the business in the past. There is no longer a need for "technology people" who work independently of "data people" who work in isolation from "sales" people or from "finance." Instead, they need to manage organizations where every employee is embraced by technology and data as integral to their work. They also require CIOs to guide them there. In this regard, redefining the business to accommodate the new data economy is the primary task executives have to today's top-of-the-line CIOs. Here's how:
- 2. from Software and the Business to Software is the Business When Cargill began to put IoT sensors in shrimp ponds, Chief Information Officer Justin Kershaw realised that the $130 billion agriculture business was evolving into a digital enterprise. To determine the point at which IT should stop and where IoT technology engineering needs to begin, Kershaw did not call CIOs from other food and agricultural companies to discuss their experiences. He contacted the CIOs of SAP and Microsoft as well as various other companies that use software. He was thinking about reimagining the world's biggest agricultural business as a software business. Modern Delivery Moving software from a supporting role to leading position is the why is the issue, then modern delivery is the way to do it. Modern delivery involves an approach to product (rather as project) management rapid development and small teams of cross-functional experts which co-create, as well as continuous integration and delivery, all with a brand new financial model that supports "value" not "projects." However, don't try to build an modern SDLC. Instead, build a software development cycle (SDLC) on an industrial infrastructure. The architecture that is intended for this data-driven economy relies on platforms and cloud-connected, makes use of APIs that connect with an ecosystem outside and splits monolithic applications into microservices. "A platforms model encompasses more than just an architecture. It's a mental model that allows us to consider how vertically we can provide the vet, farmer, or pet's owners, then expand to think horizontally about ways to make solutions adaptable, scalable and secure" claims Wafaa Mamilli Chief Information Officer and Digital Officer of global animal health firm Zoetis. "Platforms can be flexible, intelligent and run algorithms that let us rapidly change. If we did not adopt the platform model and approach, we'd be funding these massive programs." The Democratisation of IT If you gift someone an uncooked fish, they can take a bite for a few hours. If you can teach them to fish, they can eat for the rest of their lives. CIOs who provide IT to hungry customers are giving out fish. CIOs who are using low-code/no-code platforms and the latest governance models to develop self-service data capabilities transform shadow IT into citizen developers that can catch themselves data. The hub-and-spoke system, which incorporates data engineering and software in IT as well as Super -user Machine Learning (ML) experts within the industries, is emerging as the predominant model in this area. The Cloud I frequently hear CIOs state they don't think the benefits of cloud-based infrastructures are worth it but they're missing the essence. Cloud computing is more than just
- 3. managing costs. It's also about embracing an entirely new development environment that includes pre-fab services available for your teams that are agile. Cloud computing is more than just managing costs. According to Penelope Prett, CIO of Accenture, the future of technology is all about the cloud. Her advice: “Don’t talk to your business sponsors about the clo ud as you do with an ERP implementation. The cloud is an enabler for all that will come. If your business partners understand that cloud is the cornerstone of what will happen in technology for the next decade, not a business proposal with an ROI in 10 min utes, then you can really start to make things happen.” Useful Data In the initial days during the initial phase of pandemics, I took an audio tour with Fortune 500 CIOs, and I asked them "What capabilities do you wish you had in place before the pandemic?" The majority of them said "analytics." The challenge for CIOs looking to enhance their organization's analytics capabilities is one that's not new the data integrity issue against the need for innovation. "In IT, we have traditionally focused on protecting the single source of truth, but our business functions want to experiment with the data," says Deepak Kaul, CIO of Zebra Technologies. "To achieve this problem, we've remained the data engineering function within IT and included machine learning experts in those business processes. The customer's data remains pristine in the data warehouse however, the business functions can play around in a cloud-based enterprise data lake. This allows us to move from a defensive position to an offensive position." Transformational The Leadership Digital transformation is about automatising your current business and it demands a tremendous amount of leadership, particularly in the area of the area of standardisation of business processes. However, digital transformation, where you use software to alter the way you run your business, requires an entirely new level of transformational leadership. Vipin Gupta the Chief Digital Officer of Toyota Financial Services, was part of the executive team that pushed the company away from captive finance to offering an alternative financing platform to other businesses in the automotive industry. The digital transformation needed an overhaul of the entire organization, not just in terms of technology, but also in operations, sales finance, operations, and customer service. As the leader of cross-functional teams across the company, Gupta also led the development of a brand new structure and a new production model for factories, as well as brought the top executives of the company to leadership teams who were solely responsible for eliminate obstacles to factories. "The role of the CIO going forward is to be the architect of the future version of the business," Gupta says. Gupta. "CIOs possess a comprehensive enterprise viewpoint that allows them in order to shape the layout of not just the platform but also the organisational, business and model of operations. Effective CIOs change IT by working
- 4. inside. But the best CIOs employ design thinking and inclusion to revolutionize IT by influencing what happens beyond IT." The transformation of the digital economy requires leadership at all levels such as business model, organisational design, technology delivery model, culture and architecture. CIOs need to move out of the job in "delivering IT to the business" and take on the responsibility of re-designing their business models in order to be part scientist, technologist and business leaders. DIGITAL DEVICES LTD Long before Apple set an average consumers mindset to replacing their handheld gadgets in two years, Digital Devices Ltd believed in Moore's law that computing will double every two years. With our heritage from the days of IBM Personal Computer XT, our founders have gone through the technology advancements of the 1990s and 2000s realizing that technology is an instrumental part of any business's success. With such a fast pace industry, an IT department can never be equipped with the tools and training needed to maintain their competitive edge. Hence, Digital Devices has put together a team of engineers and vendor partners to keep up with the latest industry trends and recommend clients on various solutions and options available to them. From forming close relationships with networking and storage vendors like Juniper, SolarWinds and VMWare to high-performance computing by HPE or AWS Cloud solutions, Digital Devices Limited offers the latest technology solutions to fit the ever-growing needs of the industry. Our experts can guide you through the specifications and build cost efficiencies while providing high end, state-of-the-art customer services. We research and analyses market and its current demand and supply chain by offering wide range of bulk supplies of products like AKG C414 XLII, Shireen Cables DC-1021, Shireen Cables DC-2021, Dell p2419h monitor, Dell U2419H, Dell P2719H, Dell P2219H, Lenovo 62A9GAT1UK, LG 65UH5F-H and Complete IT Infrastructure products and services.