Faiz A. Shaikh, CIO & CTO - StopSpoof
By MYBRANDBOOK
Redefined CIO role
CIO is a Technology Evangelist, while Business Delivery Executives are Management Executives addressing business, customers, market, and competitiveness with competitors locally and globally. Product Management which runs under CTO is now having an arm called CMO. These three musketeers have to share, collaborate and evolve beyond their roles. CIO is much impacted and needs to adapt not only technology, efficiency, governance but also to help CMO and thereby CTO for effective Products / Services. Though technology investments for 2019 to 2020 and beyond have increased from 15% to 45%, unless the CIO embarks the journey along with Product Owners and Branding, Marketing with the help of CMO, the path is not easy.
Innovations & ROI
With innovation playing a greater role in competitive markets and landscapes, trust, transparency, openness to change and leading change has become the new mantra for any CXO. This is being achieved using feedback loops which are present at all strategic, tactical and operation layers, so that anyone in the organization at any levels could see transparent progress of anything which is being impacted. Hence continuous awareness, encouragement to feedbacks, suggestions is fostering a culture of openness and driving innovations apart from Innovation Games which are now part for any business units to leverage and foster beyond.
Key Priorities
With respect to priorities for 2019 to 2020 and beyond they are as follows -
Cybersecurity - Analysis of landscapes, investments, leveraging Automations and adaptations
Digital Transformation - There is a constant pressure to adapt the new change and lead the digital transformation. Staying with Waterfall just doesn’t work anymore and with Cross Functional Teams like DevOps it’s nearly impossible for any organization who wishes to stay competitive and deliver cutting edge technologies via Products or Services
Improvements in Analytics - As we have seen AI, ML, RPA, IoT rising now faster almost 19x, the huge data in motion or at rest needs better techniques which are adherent to different Data Privacy Laws both locally and globally - giving the right set of data with best analytics.
Cloud - Cloud needs improvements not only in models however, CIO adapts and change technology stacks for better utilization and optimization further. Unused technology components pay a huge debt to unaccountable investments which are under stringent monitoring and controls. Thereby leveraging components, making right decision in technologies and increasing the usage by implementing consumption based charge back models.
“Any company that wishes to stay on top or even be in market race to excellences has to adapt, change, leverage and develop a long term to short term plans for their products and services. The need to adapt fast, fail fast and learn fast is encouraged and is not a taboo anymore.”
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