Sunday, October 7, 2018

The Monthly “IT Innovation” Book Tuning: Running IT as the Business in the Business Oct. 2018

It’s the time for IT to break through the out-of-date perception as the cost center, and become the innovation engine of the business. 

Within abundant information and emergent digital technologies, IT is a key component of holistic business mindset to re-imagine “what is possible” - unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity. The art of possible to reinvent IT in the digital age is to deliver the value of information in helping businesses grow, delight customers and doing more with innovation.

Running IT as the Business in the Business

Running IT as Business in the Business by Taking Innovative Approach? The digital world is so data-driven and information-intensive. Organizations rely more and more on technology, technology needs will only expand. IT is being used more and more around the globe for revenue generating initiatives and the business is becoming IT. IT has also to be run as the business in the business by taking varying innovative approaches.

The New Book “The Change Agent CIO” Introduction Chapter V IT Innovation and Intrapreneurship: Nowadays, IT is the business in the business and the digital engine of the entire organization. The role of CIO continues to evolve rapidly in the midset of the change and digital transformation. Forward-thinking IT organizations should practice intrapreneurship for running IT as a software startup, promoting and sustaining organizational performance, renewal and corporate competitiveness.

How to Keep IT “Fresh” and Get Digital Ready? The majority of IT organizations are perceived as monolithic, isolated, and stereotypical support centers with heavyweight hardware boxes, focus on “keeping the business lights on.” IT running in an industrial mode as a business controller or a restraint no longer fits in the dynamic business circumstances or volatile digital new normal. Digital transformation represents a break from the past, with a high level of impact and complexity. To build IT reputation as the business partner, IT leaders should ask themselves on how to keep IT “Fresh,” and get digital ready.

The CIO as the Digital Master: From Managing Change Incrementalism to Leading Innovation Breakthrough? Digital businesses become more information based, people-centric and hyperconnected, riding change curves is particularly important for improving business responsiveness, increasing organizational speed and reaching the high level of business maturity. Nowadays, Information technology is the growth engine of business. Today’s CIOs have multiple roles to play and take broader leadership responsibilities from managing change incrementalism to mastering innovation breakthrough to transforming their organizations into the high-performance digital powerhouse.

Running a Nimbler IT Organization With fast-paced changes and continuous disruptions, with the trend is that the advances of digital technologies provide an abundance of opportunities, the biggest challenge to business success is information and technology, and the biggest challenge for IT success is to understand the business and customers’ expectation. It’s the time for IT to break through the out-of-date perception as the cost center, CIOs need to seize the opportunity to run a nimbler IT organization for leading changes and carrying out its business for getting digital ready.

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