Reinventing The Chief Information Officer

What does Chief Information Officer mean? More than ever, businesses rely on their CIOs to enable large-scale digital transformation. This means understanding the vast and ever-changing technology landscape.

These are the words from The Foundry’s 22nd Annual CIO Survey. The survey found that a majority (77%) of his 837 executives who responded said their roles had been lifted due to economic conditions, making him one of the most visible advocates for change within their organizations. says. The top three activities CIOs plan to focus on over the next three years are to drive business innovation. Redesigning business processes. Infrastructure and application modernization.

Most CIOs (85%) believe their role is more digital and focused on innovation. Another 70% expect their involvement in cybersecurity to increase over the next year, and just over half (55%) also expect their involvement in data analytics, data privacy/compliance and AI/machine learning to increase. I expect.

Today’s CIO role demands immersion, inspiration, and insight into both technology and business. Fletcher Previn, his CIO at Cisco, said in an interview at his New York office at the company: “Most companies need IT practitioners with deep expertise in how technology can do what the business is trying to do, rather than CIO generalists.”

This means not only leading with technical expertise, but also leading with business expertise. Sixty-eight percent of IT leaders say they are responsible for generating revenue now, up from 65% a year ago. While cybersecurity topped the list of business and technology priorities last year, this year it was “all about transforming for greater efficiency,” said Foundry study authors. Improving operational efficiency was the top business initiative cited by 45%. Transforming existing business processes through tactics such as automation and integration was his third goal, cited by 38% of respondents.

38% of IT leaders expect security and risk management technologies to drive the most IT investments in 2023. IT leaders also cite data and business analytics (34%), application and legacy system modernization (28%), and machine learning or artificial intelligence (26%) as other areas for investment.

Previn foresees CIOs taking a larger role in supporting the hybrid workplace and assuming a design role that powers workplace technologies and enterprise enterprise systems. “It’s a very service role,” he says. “We serve people who serve others. I am here to help everyone do the best work of their lives. Every minute people spend struggling with something , is a distraction from the work they are hired to do. Our job is to build on these experiences and remove friction from the environment so that people can do their best work.”

Design thinking in the enterprise technology space “was a really novel concept for people, first thinking through the lens of experience and then thinking through the lens of solutions,” says Previn. “I used to accept the fact that it was difficult to work with, and this was an awkward experience. Now people come to work and say, ‘I know who I am and what my job is. and people are spending billions of dollars on this.” It’s hard to do, but that’s where the CIO’s work is headed. People are subconsciously surrounded by their needs, enabling hybrid work. This is security, remote access, ways of working, and culture. “

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