With the number of new technologies emerging, it’s easy for CIOs to be swept away by the technology hype, especially as they continue to hold a prominent leadership profile and command a vital role in defining and spearheading innovation within their enterprise. According to the 2023 State of the CIO findings, commissioned by CIO.com, 86% of CIOs surveyed said their role has become more digital- and innovation-focused despite the emphasis on governance and operational excellence.
But technology investments must be viewed through the business lens: how can they empower the enterprise to boost efficiency while sustainably scaling and driving innovation? We highlight some of the capabilities that are catching the eyes of CIOs and CEOs, helping them to address their technological and business objectives.
_For Cindy Padnos, Founder and Managing Partner of Illuminate Ventures, leveraging data is key to siphoning through the overlays of technologies and tailwinds to determine what is really needed in the market. Hear how she leads her company to utilise data for the best investing decisions. _
- Cindy Padnos
- Yadin Porter de León
Addressing the sovereign cloud imperative
The sovereignty of data is an eternal concern that is becoming even more important, in light of regulation, compliance with data protection, legal frameworks, and other constraints.
To comply with this requirement, sovereign cloud is becoming a vital part of cloud computing, especially for organisations with sensitive data workloads such as the national government and the finance and healthcare industries. With the continued explosion in data generation, many organisations are eager to expand their digital capability and unlock potential value from their data. Running confidential and regulated workloads on a secure sovereign cloud ensures compliance with data regulations.
To weather a rapidly changing economic landscape, there are 3 key considerations that IT leaders can put in place to help them stay focused.
Invest in a consistent infrastructure with consistent operations for resilience, business growth, and to meet the future needs of the business. Disparate architectures between clouds and the fragmentation of operational models and security hinder productivity and revenue growth. While siloed applications can lead to complications in processes for all stakeholders, from supplier to employee and customer.
Future-proofing the ecosystem
Consider your existing IT ecosystem: is it set up to accommodate the integration of new technologies? Ensure that all technologies can interoperate effectively and efficiently, in a way that enhance current business processes and enable new revenue-generating activities.
Centering on business needs
Center on how technology can meet business needs to increase the competitiveness of the business. Work with your team to focus on an investment strategy based on business requirements, especially compliance and innovation, so that technology is the driver for desired business outcomes–long-term return on investments in technology, improvements in operational efficiency, and reduction in cost.