Technical leaders are not just great technologists, they also understand the business side of things. Here are five ways to grow your business acumen and do more with your career.
Developers, engineers, data scientists, and other technologists generally understand the value of earning technical certifications, experimenting with new technologies, and strengthening collaboration skills. However, developing business acumen is just as critical for those seeking more responsibilities and opportunities to work on strategic initiatives.
Business acumen sometimes refers to business skills, including leadership, understanding business financials, marketing proficiencies, strategic thinking, and problem-solving analytic capabilities. One definition of business acumen focuses on skills such as stakeholder awareness, organizational knowledge, and the ability to deal with ambiguity. Advanced business acumen skills for IT leaders include understanding key business drivers, business resiliency, data privacy laws, and the customer journey.
Successful CIOs must become agents for change, bolster their collaboration prowess and adopt a business first mindset, as CEOs lean on them to lead digital transformation.
As CEOs increasingly look to chief information officers (CIOs) for leadership in areas like AI, cloud computing, and cybersecurity, the CIO role will require a focus on marrying tech investment with improved business outcomes.
Progressive CIOs are positioning their CxOs as co-leaders in digital delivery and turning technology decisions into shared leadership initiatives -- a recent Gartner survey of more than 2,400 CIOs found 45% of CIOs are driving the shift to co-ownership of digital leadership.
Since the dawn of digital transformation, the CIO's role is nearly fluid with the level of adaptation it's made. In fact, 87% of CIOs are more involved in leading digital transformation initiatives compared to their business counterparts. So, what should CIOs expect this year? And what are the boots-on-the-ground CIOs reporting back?
At Foundry's Inspire to Connect event, CIO.com's editorial team drew from their vast industry knowledge, constant dialogue with CIOs and recent industry studies to provide valuable insights into the ever-evolving landscape of digital transformation. Speakers included myself, CIO, Ken Mingis, Executive Editor, Computerworld US, Amy Bennett, Editor in Chief, CIO, Computerworld, CSO, InfoWorld, and Network World and Ann Bednarz, Executive Editor, Network World.
CISOs today need to act and be treated more like CFOs. Here's what they need to know - and why they should seize the day and prioritize security.
Cybersecurity leaders are well aware that the industry is constantly evolving. Whether dealing with the kinds of threats organizations face or the security tools best fit to mitigate them, today's leaders understand that they have to stay on their toes. But in just the past few years, there has been considerable change in one role specifically: the chief information security officer (CISO).
In 2024, Forrester estimates that tech spending will reach $4.7 trillion, up 5.3% over 2023 - faster than GDP once again. This reflects the rising importance of information technology in business, governments, education, and society.
To deliver the capabilities that their businesses need to thrive and grow while retiring technology debt and reducing costs, technology leaders must change the model. An IT strategy disconnected from business goals jeopardizes the positive impact that IT teams can have on revenue, profit, customer satisfaction, and employee engagement.
To thrive and grow, firms must make a strategic commitment to 'high-performance IT,' defined as the pursuit of continuously improving business results through technology.
Platform engineering has been happening for a long time, but today's implication is quite different. This episode of the On-Premise IT podcast brings platform engineering expert Michael Levan, industry analyst Steven Dickens, and host Stephen Foskett to consider what platform engineering is today.
Building a platform for self service in the cloud has more in common with product development than the platforms delivered historically by IT infrastructure teams. One of the drivers for the DevOps trend was the divergence of IT development and operations over the last few decades, but this was different in the mainframe world. In many ways, today's platform engineering teams are more mature process-wise thanks to the demands of multi-tenant cloud applications.
The following is a working list from theCUBE Research on potential topics we'll cover around data platforms in 2024. We welcome community input to these themes and will iterate throughout the year as warranted.
1. Customer Spending Patterns in Data Platforms
2. Building Intelligent Apps with Data
3. Beyond Data Warehousing: Next-Generation Architectures and the Sixth Data Platform
4. Real-Time Data Processing and Analytics
5. Technological Advances in Distributed Computing: Scalable Joins and Computations
6. Governance, Compliance, and Security in the Data Ecosystem
7. Hybrid Data Models: Integrating Structured and Unstructured Data
8. The Role of Generative AI in Shaping Customer Data Strategies
9. Privacy-Enhancing Technologies for Data Security
10. Interoperability and Standardization Across Data Platforms
CIOs must be very intentional about where resources and attention are focused. That means orchestrating myriad strategies in concert - and doing so in a way rooted in the true definition of strategic.
When we started this century the buzz in IT was 'everything is going to have a chip.' Twenty-plus years in, CIOs have discovered that, when it comes to IT, everything is going to need a strategy.
As CIO, you need a data strategy. You need a cloud strategy. You need a security strategy. If you want to sell anything to anyone under 40, you will need a compellingly composed and authentically executed sustainability strategy. And with 85% of the workforce considering changing jobs and skill sets for jobs changing 25% since 2015, you definitely need a talent and skills strategy.
Executives will track the evolution of generative AI while keeping IT spending in check and tech vacancies filled.
CIOs will spend 2024 tracking the leaps of generative AI and its impact on operations, looking to the technology to help boost productivity while they keep IT spending in check and tech vacancies filled.
In other words, a busy year lies ahead.
CIO Dive spoke with more than a dozen executives, analysts and experts to gather the most pressing matters for modern business technology executives. Clear themes emerged across technology categories: it's the year generative AI promises will need to come to fruition, putting additional pressure on cloud adoption and talent sourcing.
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