Change management, financial knowledge, and data analysis are among the key drivers for CIOs wishing to embrace a bright future. Let’s discuss this.
As part of the ongoing digital transformation process, all organizations have begun to blur the line around IT, product development, and business growth. To that, a relatively new career path for IT Managers is the role of the CIO. Some even choose to be called as “Digital CEOs”.
A Chief Innovation Office (CIO) is certainly a person with select talents and soft skills, such as: resilience, adaptability, managerial, business thinking.
Do these words seem too generic to you? Well, they might be.
In order to become more specific, we will pinpoint specific areas of expertise which will allow CIOs to “rise and shine” both in the short term and in the long term.
Change Management: A CIO is expected to combine technology, people’s talent, and all available resources to promote innovation and business growth. In fact, it is all about using technology to change existing models and also embrace technology to innovate on a new business verticals.
How can this be made possible? Only through adoption of new technologies, and through trial and error.
Analytical skills: Having said that, it is important to underline that CIOs have to develop strong data analytic skills, which will enable them to make the right business decisions and share accountability for their actions with the business leaders they collaborate. Leveraging data for business opportunities will also make CIOs key decision makers within an organization, promoting trust on the role among other executives.
Knowledge of financials: Do all the above sound like proper cultural transformation to you? In a way it is, especially if we add that modern CIOs need to gain significant financial knowledge. This skill will increase their overall management abilities and will certainly compliment their data analysis skills on decision making.
Market engagement: Another skill modern CIOs have to develop is the market engagement part. As it appears, it is meaningless to embrace technology and the power of data without knowing the right way to engage customers or even business partners.
Spending time with the market, monitoring the competition, and “listening” to what all stakeholders have to share are key drivers for building effective engagement strategies with prospects and existing customers and partners.
Last but not least, modern CIOs have to create a strategy for identifying and choosing the right resources that will enable them to move forward. Talking about innovation, resources can be absolutely anything, from hardware to software and from employees to external service providers.
This is where services such as colocation and business continuity come in, as part of the digital transformation with a significant scaling perspective for any company looking to embrace a bright digital future.
Contact our team at Lamda Hellix to find out more about the best available data center services.