D V Seshu Kumar, Asst. VP – IT Head Orient Cement
By MYBRANDBOOK
Redefined CIO role
Businesses are increasingly moving towards innovation and digitally enabled platforms this is not limited to frontend marketing. Technology trends such as Artificial Intelligent, Augment Reality, IoT, IIoT, Big data, Cloud computing, Mobility etc. are giving rise to new directions towards innovative marketing and operational capabilities.
The CIO’s transition within an organization from his original role to that of redefined as innovator is not without challenges. Many of these are growing pains that come as a result of the CIO and IT needing to move beyond their familiar roles. Businesses are focused on increasing revenue and others within the C-suite begin take on new tasks. While there is no guaranteed way for a CIO to prove himself as an innovator. CIOs, who can demonstrate that they are business leaders by overseeing and delivering IT will have the greatest success. By demonstrating the value of truly transformed innovative CIO, they can serve as the advocate and enabler of business agility. Potential CIOs know how to change the dynamics of the organization by refining information and leveraging technology for business advantage.
Innovations & ROI
The age of digital disruption is here and no company is immune. Digital ROI framework is important for making any decision to move towards automation etc. Digital ROI allows companies to gauge how well investments are paying off throughout a firm’s digital transformation. It helps companies to pause and reset if necessary or push harder for strategies that are working.
The digital ROI framework balances digital investments in several focus areas. Each focus area is associated with specific performance indicators. In this way, the framework can provide the holistic view companies need to ensure an organized and effective digital transformation.
Key Priorities
Top priorities in 2019 are blockchain, quantum computing, augmented analytics and artificial intelligence will drive disruption and new business models. Enterprise analytics platform and data analytics looks to be a big priority. Cybersecurity is another concern area for this year.
“Technology is now evolving at such a rapid pace and new tools are available, but needs to have a thorough study on adoption of that solution and also challenges for adoption of those technologies. Some organizations implement new technologies without having any business use case; mostly adoption fails because of this approach. Another scenario where adoption fails is that having two different solutions for same work around one with new technology.”
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