Thursday, March 29, 2018

The Weekly Insight of the “Future of CIO” 3/29/2018

Blogging is not about writing, but about thinking, brainstorming, innovating and sharing.

The “Future of CIO” Blog has reached 2 million page views with 4500+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Here is the weekly insight about digital leadership, IT Management, and Talent Management.

Digital Innovation Bottlenecks Digital innovation has the broader spectrum and more enriched context. Innovation is not serendipity, but a management process. Innovation has three phases: discovery of a problem or new ideas; designing a prototype solution and the ultimate delivery of a commercially astute outcome. Therefore, the best point of view is to see innovation as a system, capable of delivering organizational-wide capability. However, innovation management has an overall very low success rate in the majority of organizations. From the management perspective, what are innovation bottlenecks and how to break them through in order to build innovation as the business competency?

The New Book “Digital Maturity” Introduction Chapter 1 The Characteristics of Digital Organizations The digital world is dynamic, interconnected, and interdependent, with the exponential growth of information and fierce competition. Organizations large or small are on the journey of digitalization, adapting to changes in faster speed and expand digital in every dimension of the business. Organizations today need to constantly improve the business and see change as an opportunity while keeping a holistic overview of the business is the core message. Otherwise, companies will begin a decline from its previous good performance. But more specifically, what are the characteristics of digital organizations and can you make an objective self-assessment whether your organization is a digital master?

How can BoDs Overcome Barriers to Get out of the “Comfort Zone With the increasing speed of changes and frequent digital disruptions across vertical sectors, the role of the corporate board also becomes more dynamic and strategic. No longer are boards sitting in a room and just voting on various policies for business compliance. They need to focus on their own performance as well as the performance of the management team. Dynamism means free and progress. It is the power of BoDs as dynamic leaders to drive changes. But what are some root causes of the board ineffectiveness, and how can they get out of the comfort zone and ride the change wave for steering the board in the right direction?

The Digital CIO as the Gap Minding Role "Nowadays, information is permeating into every corner of the business and technology is often the disruptive force of digitalization. The CIO is not a static management role, but a dynamic leadership role due to the changing nature of technology and overwhelming growth of information. Especially now more and more enterprises are leveraging IT for revenue-generating initiatives. The IT leader of the future and the exemplars of today must move away from pure IT manager, and become a trustful business partner and an insightful strategist to bridge the gap between IT and business, and between the industrial age and the digital era, The important component of IT leadership success has to do with the definition or scope of the role that the CIO is playing and the profundity of IT leadership influence.

Information Management vs. Innovation Management?
The abundance of information brings both unprecedented opportunities and risks to businesses today. Information is the lifeblood of the enterprise, but if not properly managed, it becomes at worst case a liability and at best case an underutilized asset. Information Management is all about having the right people to have the right information to make right decisions at the right time. Information is one of the most critical pieces in innovation puzzle. Given this assertion, there is no limit to the value of information in running a high mature digital organization. CIOs as “Chief Innovation Officer”: How can you connect the dots between information management and innovation management

Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.


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