Wednesday, December 26, 2018

The Futurologist CIO

The futurologist CIOs stand up as high as they can and look in every direction they could view the digital landscape from different angles.

Digital transformation isn’t just an extension of continuous improvement of the current business, but a quantum leap with radical changes. The futurologist digital CIOs attempt to systematically explore predictions and possibilities about the future of the business and how they can emerge from the present and run IT as a game changer. It is at the tipping point that top performing companies see IT as an asset, capital, and source of competitive advantage.

Reimagine the future of the digital organization boldly: With unprecedented uncertainty and frequent disruptions, looking into the future is not always so easy, often it’s cloudy. The futurologist CIOs stand up as high as they can and look into every direction they could view the digital landscape from different angles, to determine what the future of their organization needs to look like, what the transformation must look like, and how to well prepare the journey of the digital transformation. It’s about foreseeing and apply the emerging technological trends to win the competitive advantage. Some say that futurologists are never right, it's a good warning to scrutinize your prediction and enhance your preparation. it is important to reimagine the future of the digital business boldly, but make an objective assessment of the digital readiness carefully. Digital transformation starts with the realization that where you currently no longer can deliver the business goals and reach the long-term vision of success for your company and shareholders. Thinking outside the current constraints and comfort zones requires a different vision and the courage to pursue it. Visualization enables people to bridge between the innovations of tomorrow with the business realities of today. It is important to close the blind spots, overcome the roadblocks, and make the vision rolling into the reality.

Recharging the business model methodologically: The emergent digital technologies and abundant information provide the very clue for the business growth opportunity. The futurologist CIO can envision the technology trend and perceive how to leverage IT as a critical element in developing a new business model or renovating the existing business model. A business model is a way that a company generates revenues and profits. Recharging the business model based on the technologic vision and on the mega-trends is to be able to build the core competencies early enough to catch the emerging digital wave. The starting point for developing a business model differs based on the objectives and nature of an organization. The business model designers should methodologically review a list of levers for business model components, and systematically generate the list of potential business model options, narrow choices based on their core business competencies as well as where the future will be for the business entity model design. IT can become known as a revenue rainmaker by recharging the business model and associating its efforts directly with sources of income.

Reinvent IT systematically: The futurist CIOs are often outliers who can step out of the conventional thinking box or linear patterns, provide guidance, direction, and advice to the business about the technological vision and data-based business insight. IT organization plays a crucial role in discovering a unique path of the strategy building, implementation, and innovation for the entire company. The futurologist CIOs can help their organizations ride above the latest technological trends, decide what changes/technologies need to be adopted and what needs to just be bypassed, and leverage information for catching the new growth opportunity and delighting customers. The IT organization need to offer facilitation, assistance, and support in the application and adoption of information technology solutions enabling business objectives! IT-driven digital exploration is all about imagining, planning, investing, designing, developing, operating, consolidating, integrating, securing, modernizing, optimizing, balancing, and orchestrating. The art of possible is to deliver the value of information in helping businesses grow, delighting customers and unleashing its full digital potential.

There is an intimate interplay spectrum across the living digital system out there. There have been changes all along, although the pace of disruption is very high this time around the exponential growth of information and disruptive technologies trigger a digital paradigm shift. Thus, futurological digital leaders are in demand to lead an emerging business because often, many leaders are ambushed by conventional thinking, but the new business requires innovation and innovation requires courageous leadership, fresh ideas, risk-tolerant attitude, and step-wise approaches.


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