6 Jun 2022
In this session, we hosted Manish Choksi and had a conversation about the emerging role of a CIO and importance of driving digital transformation.
Here are some of my key takeaways from the conversation:
1. Driving a digital agenda is no longer a decision that can be ignored.
2. The digital agenda needs to be owned by the #CEO and supported by the leadership team in general with the #CIO / #CDO as the architect of the digital agenda by being the fulcrum around which the digital agenda can be brought alive.
3. The CIO needs to have a seat at the APEX management table is crucial for them to influence and drive the digital agenda.
4. The CIO needs to be the chief alignment officer - to align the front office, the back office, the business leaders, partners (technology and implementation).
5. The CIO needs to be a talent magnet to recruit top technical talent - both from within the company and from outside. Digital transformation requires talent with very specialised technical skills in order to succeed.
6. The CIO needs to be the spokesperson within the company for the digital agenda, to excite the rank and file employees about the potential, significance and the impact of the digital agenda.
7. CIO’s need to understand the business, if not better than the business, at least as well as the business leaders. This helps you to identify the business drivers, build the right business cases & get a seat at the management table.
8. Understand the importance of chunking large scale transformation (9-18 month projects) initiatives into smaller chunks (2-3 month sprints) that can deliver value at each chunks, keeping in mind the larger vision.
9. Understand what is needed to keep your “Lights on” and do it efficiently. Understand what you can then do which can enable transformational change for your business & Use these to prioritise your projects.
10. The maturity of your business process, people and your existing technology deployment should inform your digital agenda. This also has an impact on the kind of partners you can engage on your transformation journey.
Risks to be vary of:
Starting the journey:
1. Under investing or not having a digital agenda is the biggest risk.
2. Fear of the unknown or not knowing where to start the digital agenda.
During the journey:
1. Lack of focus and / or running out of money &/or time
2. Lack of talent (internal / external / consultants / technology partnerss)
3. Lack of discipline (operational excellence and strong governance models).
End of the journey:
1. Lack of Learnings
2. Manage Change fatigue.
Going it alone is a risk. You need to embrace diversity and involve different partners.
And a lot more.. Thanks Manish Choksi for sharing your insights with us.
Here are some of my key takeaways from the conversation:
1. Driving a digital agenda is no longer a decision that can be ignored.
2. The digital agenda needs to be owned by the #CEO and supported by the leadership team in general with the #CIO / #CDO as the architect of the digital agenda by being the fulcrum around which the digital agenda can be brought alive.
3. The CIO needs to have a seat at the APEX management table is crucial for them to influence and drive the digital agenda.
4. The CIO needs to be the chief alignment officer - to align the front office, the back office, the business leaders, partners (technology and implementation).
5. The CIO needs to be a talent magnet to recruit top technical talent - both from within the company and from outside. Digital transformation requires talent with very specialised technical skills in order to succeed.
6. The CIO needs to be the spokesperson within the company for the digital agenda, to excite the rank and file employees about the potential, significance and the impact of the digital agenda.
7. CIO’s need to understand the business, if not better than the business, at least as well as the business leaders. This helps you to identify the business drivers, build the right business cases & get a seat at the management table.
8. Understand the importance of chunking large scale transformation (9-18 month projects) initiatives into smaller chunks (2-3 month sprints) that can deliver value at each chunks, keeping in mind the larger vision.
9. Understand what is needed to keep your “Lights on” and do it efficiently. Understand what you can then do which can enable transformational change for your business & Use these to prioritise your projects.
10. The maturity of your business process, people and your existing technology deployment should inform your digital agenda. This also has an impact on the kind of partners you can engage on your transformation journey.
Risks to be vary of:
Starting the journey:
1. Under investing or not having a digital agenda is the biggest risk.
2. Fear of the unknown or not knowing where to start the digital agenda.
During the journey:
1. Lack of focus and / or running out of money &/or time
2. Lack of talent (internal / external / consultants / technology partnerss)
3. Lack of discipline (operational excellence and strong governance models).
End of the journey:
1. Lack of Learnings
2. Manage Change fatigue.
Going it alone is a risk. You need to embrace diversity and involve different partners.
And a lot more.. Thanks Manish Choksi for sharing your insights with us.
- 2 participants
- 58 minutes
