Social, data, mobility, and Cloud technologies are driving workplace transformation. In response, IT is throwing out its back office support mantle and donning the garb of corporate revenue earners. Technology is now a central force for innovation, business decisions, and productivity. Organizations are rethinking their business models, and ordaining CIOs with the more crucial role of business strategy planners, they now work along with CFOs and CEOs.
Envisaging Responsibilities Associated with the Roles
The role of the CIO constantly evolves. Today, CIOs are responsible for validating and augmenting IT investment decisions. A recent study by Riverbed Technology, a leading solutions provider in Application Performance Infrastructure, reveals that around 44 percent of organizations investing in new technology failed to meet their projected performance timelines. This is due to the inability of firms to recognize the appropriate deployment of suitable, performance-enhancing technology. The CIO must educate, enable, and engage organizational forces to make optimal decisions.
Building Models for the Future
The recent wave of technology innovation has changed the traditional perception of doing business. Today, organizations focus on defined outcomes. They require solutions and services that help them achieve those outcomes faster. CIOs need to source models from providers to scale up. To remain relevant in the culture of transformational IT, they must reach this expectation. A CIO global survey by Gartner reveals that around 70 percent of CIOs are working on transforming their technology and sourcing relationships to ensure this change.
The disparate growth in demand of the IT services market dominates the changing landscape. Need rather than cost determines technology purchases. Service providers must capitalize on this growing opportunity. Scaling up their deliveries, they can provide organizations with constantly improving innovation. CIOs now source technology based on business value drivers. Their choices focus on business performance accelerators. IT value additions just to define the roadmap for the future are unnecessary.
Educate and Enlighten To Empower
The role of a CIO is more significant than ever as technology changes impact today’s business landscape. However, there is still low IT awareness amongst the other C-suite executives. To get acknowledgement of technology as a chief business performance driver, CIOs must scale up. They need to educate, enlighten, and empower business heads. By helping them understand the value IT can generate, they can put in a concerted effort for continued investment in it. CIOs can finally make the organization future-ready.