WHO IS FUTURE CHIEF INFORMATION OFFICER
THE CURRENT CHIEF INFORMATION OFFICER
In
my humble 22 years of Global experience across 50+ countries, I had interacted
with many CIOs. Some are very powerful people like in Banking, Insurance,
Telco, Auto etc and some quite less powerful but solid technocrats mostly
involved in solution companies patching various technologies into one creating
some of the most complex solutions which actually can be designed in most
simplified manner.
For
example in Short term Insurance sector, to manage and dig out fraud we use
various analytical tools costing millions but no one would like to implement a
simple solution like virtual eye which actually filter out the fraud in very
first place of origin. So to invest $50 million to investigate $100 million
fraud is better or Invest $2 million for prevent $100 million is better. But
unfortunately most companies choose the first one because its lobbied, pushed
and a nice future picture is presented by some of the most expensive sales
people.
So
either way what comes into the end user space is a patchwork of rocket science.
The most unfortunate part is that 80% of these CIOs don’t want to take risk of
innovation and are just internal brokers for big IT Vendors. For example, we say
X client is I shop, Y client is O shop, Z client is S shop and so on.
In
last 5 years all big IT vendors are trying to say how good and innovative they
are building Cloud as if they invented Cloud for the first time. The fact is,
when I opened my first Yahoo account almost 20+ years back, what was it? A
Cloud based email??
In
another joke, today everyone is racing for Big Data. Yes the amount of data
what is generated today is much more then what was there before smart phones
and would be far greater in another 10 years. The requirement is Quality Data
and this requirement is today and was 10 years back too and will be in future.
What is required is a robust simple analytical tool to dig out the right
stuff. Even if we get 40% quality data,
which is available in current data, the business can jump by almost 250%.
One
simple example is “single view of current customer”. Most of customer centric
organization like retail, banks, insurance, airline, telco don’t have this in
place. They don’t even analysis the user trend with current customers, what
they will do with so called BIG DATA?? But still our so called brilliant CIO
ask for millions to get it because the big IT vendors have pumped him so much
that they believe it will solve all problems.
The fact
is that moon will remain where it is and no one can bring it to you weather
it’s a big IT vendor or your lover.
We
CIOs have to understand that IT is a business enabler and not a business.
THE NEW CHIEF INFORNATION OFFICER
The
new CIO is not an alien coming from outer space but a person who has the
ability of multi tasking and highly business savvy person. This person has to
be one who can stand on rooftop and look around. He should be able to
understand the effects of other industries on it’s organization and can plan 5
years down the line along with the cultural factor both local and
international.
It
is well proven that if you have a CIO who understand business and its
surrounding well, is the most successful. Unless you look for someone who is
either “yes sir” or “file pusher”.
I
have seen many customers especially in South African banking and Insurance
sectors where the big IT vendors and consulting houses like the I’s, O’s, S’s,
A’s, D’s etc have put in their employees as Sector CIOs. I fail to understand
how can they bring in innovation since they have vested interest in pushing
business to core employer.
Hence
in my view based on hand-on practical experience, A CIO is a multi tasking
person with business mind set.
Chief
Information Officer : In today fast moving space, Chief Information Officer is
a combination of 4 core I’s.
1. Chief
Integration Officer : The integration officer will connect various IT systems.
One important task will be bridging legacy and cloud services.
2.
Chief Infrastructure Officer : Top priorities for infrastructure
officers will include eliminating "shelfware," adopting virtualisation and cloud
technologies, and renegotiating contracts in the best interest of current &
5 years of organization requirement.
3.
Chief Intelligence Officer : The intelligence
officer will be tasked with getting the right data to the right people on the
right devices. This includes generating quality data, data mining &
analysis.
4.
Chief Innovation Officer : Innovation officers
will focus on identifying disruptive technologies and finding ways to apply
them in the enterprise in an innovative manner then just buying what is sold by
vendors.
THE CIO NEW CHALLANGES
Few
years back, the job was quite simple. You have a need, call few vendors,
understand their offerings, and discuss cost and award. If it exceeds timeline,
blame it on business and get extra time and money.
Today
the new requirement is not once in 6 months or year but almost every week at
the least and the biggest challenge, how to deliver the solution to business in
the least possible time and money.
These
new challenges are not limited to solution but governance, standards and to
keep the team together motivated all the time. The world has moved toward
24x7x365 and time wasted is nothing but advantage to competition.
Some
of the core challenges where I personal work and experience are listed below. I
am sure more can be added and that means one need to learn all the time.
•
Technology
Strategic Plan
•
The
Projects for Business
•
The
Projects for IT
•
The
PMO Office and Approved Process
•
The
Technology SWOT
•
The
Vision / Strategic Choices
•
The
Strategic Alignment between IT and Business
•
Super
Strategic Issues
•
The
Technology Structure
•
The
Balanced Scorecard
•
The
CIO Performance Scorecard
•
The
IT Risk Universe
•
Risk
and Compliance Challenge
•
King
III Scorecard
•
Asset
Health Assessments
•
Innovation,
Cloud and Mobility
•
Customer
Satisfaction Survey
•
Deployment
Calendar
•
Application
Landscape
THE ROLE OF THE CIO IN CHANGING BUSINESS
NEEDS
Till
10 years back, the business had a choice between local operation and global. Today
globalization is need and that means changing business expectations. This new
dynamics to business has created bigger challenges to The CIO in modern times.
The CIO has to change and change very fast. Now its no more a choice but
necessity. Either you change or vanish, and till the CIO change, business can’t
change.
Hence
the new CIO role should have following core skill set / ability.
•
Innovator : Cannot
buy source of competitive advantage out of a box
•
Architect : To
mould disparate and isolated non-integrated IT worlds into one
• Personal, Hybrid Skill Set : Ability to blend business and technology
experience and knowledge
•
Skills Management : Build Broader IT skills to meet business expectations
•
Strategist as well as a tactical player : Great involvement and focus on activities of a
strategic nature
•
Information Broker : Make information and appropriate skills available across the business
enterprise
•
New Leadership Style : From command-and-control to lead by example; good people motivator with
positive relationships
•
Project Delivery excellence : CIO’s need to make this a key focus area, in
alignment with business strategies
•
Build Business Credibility : The CIO needs to build interpersonal
relationships with business executives. Get business results from available
scarce resources
•
Making a Difference : Continue delivering operations excellence, but now additionally become a
business partner in delivering competitive advantage via distinctive project
solutions
•
Collaborator : Improving integration and collaboration across boundaries
•
Center of Excellence : Built internal center of excellence
for natural learning both on business and IT for continuous team development
and reduce dependency on external contractors.
•
Social Media : Today’s CIO should be an active participant on
Social Media.
With
above explanation of desired skills of Future CIO, the most relevant question
is “How The CIO remain relevant for the future”. In my experience and practice
following are some of the more relevant steps one need to follow.
1.
Simplify
the operating environment, governance, work processes and task priorities that
form the context for IT work.
2.
Move
toward a simpler organisational structure for IT, centralising infrastructure
responsibilities and decentralising application development and implementation
responsibilities wherever possible.
3.
Focus
some of your time and energy outside the functional IT organisation. Spend time
with external Customers, Internal Customers,
Suppliers and social media
4.
Establish
clear, explicit goals for shortening IT decision and development cycles. Focus
the entire IT organisation on accelerating all of its core business processes.
5.
Manage
your own time and personal agenda carefully-and explicitly. Be sure to reserve
enough time for reflection, learning, and peer-to-peer networking.
6.
Adapt
your leadership style to match the needs of your organisation, combining
collaborative problem solving with task-focused direction setting to produce a
cohesive, committed organisation.
7.
Focus
your time and attention on strategic issues, on external relationships, and on
the future.
8.
Develop an open door policy within your
organization but definitely your department and motivate people to think out of
box ideas.
IN SUMMARY
Greatness in a CIO is not a function of the
company they work for, the salary they earn, the size of their title or other
factors. There are great CIOs at small companies and not so great CIOs at
big companies.
In today’s changing IT World where a CIO’s role
is very much in flux. Following are some of the top 10 qualities of a good,
resulted oriented, visionary CIO.
- · Good supply management capability
- · A solid understanding of financials
- · Ability to think strategically to support the business’s goals and objectives
- · Managing expectations effectively
- · Tech savvy
- · Selecting a good team
- · Ability to rally the troops
- · Visionary outlook
- · Politically savvy without being political
- · Skilled communicator
It is not wrong to say that in this new world of mobility, A CIO should actually be termed as CTM (Chief Technology Marketer)
The above article is based on my keynote
address to 150 CIOs in Silicon Valley in January 2013. The content is based on
my personal hands-on experience and what I practice everyday. Based on my
personal development in last 22 years, I can confidentially say that there is
no course, which can make you a CIO, but it’s all about positive attitude
towards continuous learning.
In short the above article is also a
reflection of who I am and what I do. Chief Information Officer is not a Job
title but a long journey of continuous learning.
The Management Consulting arm of TIMETUNNEL offers CIO advisory services and contract CIOs.
In my next CIO post, i will write about the role of CIO with CMO. Should we call it CTM, Chief Technology Marketer and should your CIO be under 50 years of age or elder.
In my next CIO post, i will write about the role of CIO with CMO. Should we call it CTM, Chief Technology Marketer and should your CIO be under 50 years of age or elder.