Friday, April 6, 2018

The Monthly “CIO Master” Book Tuning: CIOs as “Chief Innovation Officer” Apr. 2018

One of the most appropriate titles for CIOs is “Chief Innovation Officer,” because digitalization opens the new chapter of innovation.   

Compare to the other executive positions, the CIO role continues to be shaken up, refined, reinvented and reenergized. The magic “I” of the CIO title sparks many imaginations and modern CIOs need to wear different hats and play multiple roles. Here are a set of blogs to brainstorm digital CIOs as “Chief Innovation Officers.”

CIOs as “Chief Innovation Officer”

Three Aspects of Being an Innovative CIOs? Change is the new normal with the faster pace and high level of intensity. Ideologically, the highly effective and highly dynamic digital organizations, no matter large or small, have a multitude of digital characteristics such as information fluidity, interdependence, and hyper-connectivity. Information & Technology is the linchpin to run a dynamic digital business. IT leaders need to ask themselves tough questions such as: Is IT system just a commodity with a standardized usage of technologies or is IT a game changer? Chief Innovation Officer is one of the most appropriate titles for modern CIOs, to reinvent IT, it’s not about control, but how to take more resource to do innovation and build unique business competency.

The CIO as “Chief Innovation Officer” & Information Master: 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?

The New Book “12 CIO Personas” Chapter 2 Introduction: The CIO as “Chief Innovation Officer” Digital is the age of innovation, one of the most appropriate tiles for the CIO is “Chief Innovation Officer,” because digitalization opens the new chapter of innovation. Digital CIOs need to present entrepreneurial spirit, learn to think and lead innovatively, have the right dose of risk appetite and take the calculated risk to accelerate IT performance and unleash its full potential.

CIOs as “Chief Innovation Officer”: Can you carry the Innovation Ecosystem on your Shoulder? One of the most critical roles of contemporary CIOs is “Chief Innovation Officer.” Innovation shouldn’t be a serendipity, but a management process. IT can help to weave an enriched innovation ecosystem which enables systematic innovation management, with critical components such as innovation leadership, culture, processes, tools, recognition systems measurements, and risk approach. Each component by itself may not cause a highly innovative environment, but collectively they can catalyze creativity and improve innovation success rate. An innovation ecosystem should fully cover a wide enough direction and embrace the full spectrum of innovation categories. Here are three questions CIOs need to keep asking themselves to ensure they can carry the innovation ecosystem on their shoulder.

Innovative CIOs’ Digital Profiles CIO is one of the most sophisticated executive leadership roles in the business world today due to disruptive nature of technology and exponential growth of information. CIOs need to be Chief Information Officer, Chief Integration Officer, Chief Interaction Officer, Chief Improvement Officer, etc. But still, one of the most appropriate titles for CIOs is “Chief Innovation Officer,” because digitalization opens the new chapter of innovation. CIOs need to present entrepreneurial spirit, learn to think and lead innovatively, take calculated risks while nurturing contingencies, and growing great talent, etc. Here is the innovative CIO’s digital profile.

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