Monday, December 5, 2016

The Spotlight on Digital CIOs - CIOs as Chief Innovation Officer Dec. 2016

Modern CIOs have many personas and face great challenges.

Modern CIOs have many personas and face great challenges. It is not sufficient to only keep the lights on. Regardless of which industry or the nature of organization you are in, being a digital leader will need to master the art of creating unique, differentiating value from piles of commoditized technologies, but more specifically, what are the digital-savvy CIOs doing to run IT as a growth engine and innovation Hub? Here is the monthly spotlight of the CIO.       

                       CIOs as Chief Innovation Officer

  • CIO as Chief Innovation Officer: Nowadays information is the lifeblood, and the emergent technology is more often the business disruptor. And due to the changing nature of information and technology, IT is always in the changing environment creating unexpected situations and requiring quick and appropriate responses based on the conditions. As businesses embark on the “digital Era” of computing (Cloud, Big Data, Mobile, Social). how will IT have to change? What is the nature of the new IT leadership and what is the primary role of the CIO in harnessing the IT leadership?
  • Three Tips for CIO as Chief Innovation Officer? Modern CIOs have many personas indicated in the magic “I” of CIO title, Chief Innovation Officer is one of the most pertinent roles, because so much business innovation these days is enabled by technology, a good CIO with their finger on the pulse of technological advancement or information insight can provide many ideas on how new tech and abundance of info could create fresh business opportunities. CIOs are uniquely positioned to drive business innovation because of their vantage point in digital transformation. But how can CIO build a solid innovation agenda, and play such a new role more effectively?
  • CIOs as “Chief Innovation Officer”: Taking a Systematic Approach to Run an Innovative IT? Doing more with innovation is the mantra for any forward-looking organizations. Though every executive should make their voice heard on this front, have an opportunity and responsibility to participate in the innovation dialog and to come up with innovative ideas, CIOs generally have greater opportunities to stand out, and take leadership in driving innovation across their companies. Because most of the functions can make process innovation within their division, IT, on the other hand, has much more of an opportunity to enable incremental top-line and bottom-line value across the business, not just within IT, but across the functional border because IT is in the unique position to oversee business processes underneath, also foresee the latest technological trend, capture information-based business insight to either delight customers or catalyze business growth. In practice, how to take a systematic approach to run an innovative IT?

  • The CIO’s Innovation Dilemma: IT plays a significant role in building the organization’s change capability to adapt to the digital new normal. Need for agility arises due to changes in underlying assumptions. Every CIO may ask self: Is IT responsive and proactive enough to find answers and solutions in case of emerging chances? Does IT have a platform which is scalable, secure, resilient and well interconnected? For achieving agility, IT leaders should both apply the digital management philosophy based on a set of Agile principles, but also leverage DevOp and take a series of practices to improving IT effectiveness and maturity.

  • Running IT as an Innovation Engine in Digital Organizations  Organizations large or small are at the digital journey, and corporate IT is also shifting from a support center to an innovation engine, because more often information is the lifeblood, and technology is the disruptor to push the business world into the digital paradigm. Hence, for any forward-thinking organizations, IT mantra is shifting from “doing more with less,” to “doing more with innovation. But more specifically, how to run IT as an innovation engine to accelerate digital shift?

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