Unleash IT Potential in the Digital Era
CIO as “Chief Innovation Officer”: How to Unleash IT potential in the Digital Era? Nowadays, information is permeating into every corner of the organization, and digital technologies bring unprecedented convenience to both our lives and businesses. Modern IT is not equal to IT modernization, it is the key differentiator of the business to “reimagine what is possible.” To keep IT relevant, CIOs need to think and act like “Chief Innovation Officer”: Running IT as the business in the business to reach its full potential.
The CIO as “Chief Innovation Officer”: Manage IT-Driven Innovation as a Cautionary Tale? IInnovation is about transforming novel ideas to achieve their business value. Statistically, innovation has a very low success rate, most innovation management initiatives are not successful and are incredibly wasteful. Innovation fails because there are too many disconnects that occur between the birth of a vision or concept and the process of turning it into a reality. Thus, innovation as a management process needs to be monitored and fine-tuned for making continuous improvement. The CIO as “Chief Innovation Officer” - how to manage IT-driven innovation as a cautionary tale?
Running IT as "Digital Simplifier" IT continues to grow in importance to organizations, both operationally and as a competitive advantage. The business complexity has increased exponentially due to “VUCA” characteristics. By nature, technology is complex, and the information is overloading. However, the purpose and advancement of IT are not to complicate things, on the opposite, “Keep it Simple” is one of the most important principles to run digital IT. Because logically, simplifying the complicated thing is an optimal and smart choice, to make the business progress either for designing products, solving problems, or managing a high mature digital organization. Simplicity is the optimal level of complexity. Running IT as digital simplifier means or is related to too many things such as manageability, availability, scalability, flexibility, reliability, robustness, comprehensiveness, and responsiveness, etc.
CIO as “Chief Innovation Officer”: How to Unleash IT potential in the Digital Era? Nowadays, information is permeating into every corner of the organization, and digital technologies bring unprecedented convenience to both our lives and businesses. Modern IT is not equal to IT modernization, it is the key differentiator of the business to “reimagine what is possible.” To keep IT relevant, CIOs need to think and act like “Chief Innovation Officer”: Running IT as the business in the business to reach its full potential.
CIOs as “Chief Innovation Officer”: How to Spur IT Innovation to Get Digital Ready Innovation is about moving forward. In any business, if you are not moving forward, you are moving backward. There is no standing still. This is particularly true for IT due to the fast growth of information and the disruptive nature of technologies. Thus, the Chief Innovation Officer is one of the most appropriate titles for modern CIOs. The art of innovation is that it involves new ways of bringing together ideas and resources to create something novel. The science of innovation is to take a structural approach to innovation management. IT organization can become an innovation hub to bridge the art and science of innovation and get digital ready.
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