Thursday, March 16, 2017

The Weekly Insight of the “Future of CIO” 3/17/ 2017


The “Future of CIO” Blog has reached 1.7 million pageviews with 3500+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Here is the weekly insight about digital leadership, IT Management, and Talent Management.


  
The Weekly Insight of the “Future of CIO” 3/17/2017
  • Running IT as a Change Agent: At the industrial age, IT is often perceived as the department which is slow to change, acts as a controller only, and gets stuck at the lower level of maturity. However, nowadays, with increasing speed of change and exponential growth of information, IT is like the business's digital engine, CIOs are accountable for critical part of the business that is constantly changing and evolving and IT is also in a position to dig through underlying functions and processes of the businesses. Therefore, it is imperative to speed up IT and run it as a change organization of the business for accelerating digital transformation.


  • A “Balanced” Digital Board: Contemporary corporate boards play the critical role in strategy oversight, business advising, and governance practices. The directorship in forward-thinking organizations must have the capability to guide, inspire and motivate a group of people toward accomplishing shared visions and goal, set the leadership tones to influence digital “mindset,” and drive digital transformation. Yin and Yang balance also needs to be considered in the boardroom in regards to making sound strategic decisions that deliver the real sustainable competitive advantage for an organization. But more specifically, how to build a “balanced” board to fulfill its duty effectively as well as setting the culture tones to achieve digital equilibrium?


  • Leaping Innovation via Overcoming Roadblocks: Digital is the age of innovation. From the management perspective, innovation is how to transform novel ideas to achieve its business value, and innovation is what leads to differentiation. Due to the hyper-complexity of modern businesses, innovation is essentially about reducing the unnecessary business complexity to tackle the complexities of business dynamic. Innovation management has an overall very low success rate. So, what are the roadblocks to cause innovation failure, and how to overcome them in achieving the high-expected result from innovation management?


  • Running a High-Performance IT with Digital Balance In today’s digital dynamic and technical environments where IT is being used more and more around the globe for revenue generating initiatives and the business is becoming IT. IT organization plays a significant role in both keeping the business bottom line and contributing to the top line business growth; leveraging the latest technologies to catalyze innovation as well as setting the standard for risk management. IT is also crucial to fix the handy, urgent business problems, and digitizing the touch points of customer experience for the business’s long-term transformation. Hence, the impact of IT organization depends on how it can strike the digital balance right and make the leap of digital transformation.  


  • “Digital Master” Book Monthly Tuning: The Philosophy, Capability, and Status of Digital Transformation  Mar. 2017 Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. Digital becomes the very fabric of high performing business, being outside-in and customer-centric is the new mantra for forward-looking and high mature digital organizations today. At the heart of digital, it is people and how to build a customer-centric organization. But how to assess the digital fitness of your organization for such a paradigm shift.


Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.

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