The article also outlines five forces shaping the business landscape: the digitalization of everything, a hybrid workforce, talent shortage, big data, and regulatory compliance and governance. CIOs are now expected to lead their organizations in adapting to these changes, ensuring not just survival but business differentiation. They must understand the unique aspects of the people, places, and technology stack underlying their businesses and apply relevant approaches to ensure resilience and adaptability within each.
Key takeaways:
- The role of CIOs has evolved from managing IT infrastructure to driving innovation and growth within their companies.
- Modern CIOs are focusing on expenses and efficiencies, IT services updates, and business development, with 80% of business execs viewing the CIO as the key stakeholder in driving innovation.
- Five forces shaping the business landscape include the digitalization of everything, a hybrid workforce, talent shortage, big data, and regulatory compliance and governance.
- CIOs must lead their organizations to adapt, embrace and succeed in today's world, with a focus on understanding the unique aspects of the people, places and technology stack underlying their businesses.