There is an exciting shift in the next generation of industry executives. Well educated and trained executives in technologies through all of their respective disciplines such as financial, clinical, operations, and marketing. This entire shift is affecting the careers of chief information officers and other IT pros.
The Radical Shift
The implementation of C-suite is affecting CIOs, and they are now operating with tighter margins. A few years back, 71 percent of the technology purchasing decisions were taken by CIOs, but now that number has plummeted to a mere 8 percent, according to a report by Black Book Data. Prominent tech leaders say that CIOs brandishing skills are more aligned with sociology and business school training than technology.
Twenty-nine percent of the CEOs told Black Book that they consider CIOs more tactical rather than strategic. Eighty-eight percent of participating colleagues say that they view CIOs as deployers and developers rather than innovation drivers. Whereas 81 percent of CIOs see themselves playing a transformational role.
The technologies that IT pros innovated are now changing the nature of their job. As more and more services are moved to the cloud, the nature of service providers will change as businesses responsible for acquiring new services rather than creating and managing apps in-house. CIOs lack in the knowledge about the actual number of their applications in the cloud. They believe the number is around 30 to 40, but the actual number is more than 900.
Experts believe that in the future data centers will be non-existent and all the documents will be accessed from the cloud. Hospitals are already obtaining all the records such as EHRs, analytics, and clinical decision support from the cloud. Experts also believe that CIOs should fine-tune or develop to stay relevant.
New Skill Set CIOs Should Acquire
Even CIOs recognized the shift and said that digital transformation is changing their roles in fundamental ways. Business leaders admit that they are looking for more consultative-type tech executives. The new hires would be responsible for meeting business goals, evaluating innovations, and orchestrating integration and work in line with business managers who are involved in IT purchasing decisions.
The new skill set that CIOs should acquire for 2019 are very practical. They must be proficient in driving innovation as a crucial element of success, have the expertise to communicate in the era of medical and financial data and bring forth connectivity as a leader over the flow of information throughout the broader organization. CIOs will need to reinvent their roles and become more receptive, predictive, and aligned with the broader organizational goals.