Modern CIOs and IT leaders are facing many challenges due to digitization, and continuously evolving new technologies with rapidly increasing data volumes. Here are the tips for CIOs and IT leaders that are important to deliver business value and drive innovation. Over a period of time the responsibilities placed on the modern CIOs and IT Leaders are changing rapidly.
The increased role of technology in the business offers new opportunities to CIOs and IT leaders to deliver more value than ever before. The successful CIOs and IT leaders are those who recognize and adapt to the evolving challenges.
Inspira Enterprise – Global IT Solutions Provider in India, with its center or excellence in Networking, Unified Communication, Cloud, IT Security, Healthcare and Smart City solutions, have these top 10 tips for CIOs and IT leaders in 2018 that would add value to their business strategies.
1. Analyze Big Data Analytics
Turning data into a competitive advantage – Now a days businesses have access to more data than ever before. CIO & IT Leaders should focus on Big Data, how to gather and analyze it. The important key for companies is not only accumulating it and segmenting the data for marketing purposes, but accurately using it for operations to help grow their business process. Organizations are realizing the importance of making data driven decisions. Big data will be a corner stone of how businesses operate by applying data analytics. Big Data tools like Hadoop and Cloud-Based Analytics can bring cost advantages to business when large amounts of data are stored. The high speed tools like Hadoop can identify new sources of data which helps businesses analyzing data immediately and quick decisions can be made. New products can be created according to the wants of customers. By analyzing big data CIOs can IT leaders get a better understanding of current market conditions, the tools can also help in controlling online reputation.
2. Consistent Innovation
Modern CIOs and IT leaders must drive consistent innovation. CIOs should set-up processes to constantly adapt to new changes. They should deploy platforms that allow for speedy solution development. Agile businesses will succeed.
3. Balancing security with accessibility
Increase in security breaches and vulnerabilities are damaging companies, executives and customers. Cautions are produced by platforms, applications and endpoint solutions like malware, intrusion detection system (IDS) / intrusion prevention system (IPS) and web application firewalls (WAF). CIOs and IT leaders should address security challenges tactfully. IT leaders should place a strategic focus and budget money to protect their company information. Data protection should be at the forefront of technology and cybersecurity strategies. CIOs can outsource security operations to managed SOC Providers. A competent SOC is the base of cyber defense against illegal, malicious activity in real time. A professional SOC has a blend of the right people, processes, and technology. The SOC team has security analysts equipped with the right tools to prevent, detect, analyze and respond to cyber incidents.
4. Finding the appropriate talent
There is shortfall between the supply of qualified IT professionals and the necessary IT Skills. CIOs and IT leaders should address the skills gap while staying updated with the ever changing technology trends. The IT skills gap should be bridged at full speed as competition won’t take a timeout while you are searching for individual with modern IT skills. CIOs should engage and motivate the manpower. Discuss & help an employee to develop a plan to focus on work that is meaningful. Try to take personal interest in their career. Try to identify practical and possible long term solutions.
5. Digital Transformation
Merging old and new – CIOs and IT leaders will face a growing challenge in their digital transformation journeys. It’s important to maintain balance between choosing the dependability of mature technologies vs the advantages that the newer technologies provide. Going ahead with legacy technologies or implementing modern one will depend on your business. There is improved efficiency, reach and customer satisfaction. Decision making process is faster and better. Digital transformation can revolutionize your entire business leading to increase in sales and overall profitability. Digital transformation allows organizations to tap larger online markets while delivering additional value to existing customers.
6. Utilize Managed Service Providers
Organizations are depending on Managed Service Providers to handle elements of IT like Networking, Data Center and Security etc. Companies can reap benefits because of MSPs because of accessibility and affordability. CIOs and IT leaders can utilize services provided by MSPs like network monitoring, patch management, desktop optimization, crisis management in terms of data and network 24x7x365 days. Managed service providers provide future proof services. They use best-of-breed technology and equipment on the market to deliver IT services. A managed service provider offers the highest quality IT solutions on pay-per-use model that allows for quick growth and cost savings or monthly payment plan. They also provide multiple managed IT Services on a single “converged” connection, resulting in cost-savings on infrastructure. Data Centers provided by managed service providers are highly secure, resilient and redundant for maintaining business continuity.
7. Integration of Hyper Convergence
It changes all the internal processes through assimilating network, storage and compute layers so it can be operated under a single stack. CIOs and IT leaders should take help of vendors for seamless integration of hyper convergence platforms amongst each other, to increase efficiency. Software-defined storage nodes act as highly-reliable and redundant pool of storage. In hyper converged infrastructure, all workloads fall under 1 administrative umbrella thus migrating workload from one location to another is easy. It is easy to scale up hyper converged data center. Restoring data is easy. It is affordable economic model to any IT department. Hyper convergence is emerging as crucial architecture for organizations of all sizes.
Circulated nature of blockchain database ensures security by making it complex for hackers to attack. It reduces hassles in business by providing transparent access to information in the chain. Since transactions are completed directly between the relevant parties with no intermediary, transaction is quick and efficient. As transactions are recorded sequentially and indefinitely, it provides a permanent audit trail for the life of an asset between parties. Tracking goods in a supply chain is easy. Transactions are verified within the network using independently complex cryptography so the authenticity of the information can be assured. CIOs and IT leaders should by now not only explore but have expertise over blockchain technology which help them to understand its benefits in business growth.
9. Build your business expertise
CIOs and IT leader should comprehensively understand the business, its opportunities and challenges, with a vision for its future.
10. Maximize your commercial partnerships in the digital age
CIOs should have the ability to work with technology partners as actual partners, not just a traditional vendor/customer relationship preoccupied with processes, project management and SLAs. The ability to maximize the creative power of technology vendors is an important skill that next generation of IT leaders should possess.
Technology is rapidly evolving creating boundless opportunities to innovate and create something completely original. CIOs and IT leaders have the power to shape the world we live in.