Read more what they wrote about digital transformation.
Quotes
1
The companies that are most successfully adapting are making a cultural shift from “Mad Men” to “Math Men,” where decision making is increasingly based on data rather than on the frequently wrong opinions of senior executives. [1]
2
Recognizing when to trigger changes is hardest when things are going well for the business. CIOs get comfortable doing things a certain way and may not be aware of the potential threats posed by startups or transformational pivots key rivals make. [2]
3
CIOs that have trouble having a business conversation can frustrate CEOs, CFOs and other business people and once you create frustration and distrust it's hard for them to keep their jobs," Sackman says. "It's really important for CIOs to learn the business better and to make sure they link their strategies back to the business because every decision is risk-reward. [2]
4
Ultimately, recruiters say the CIOs who show new managers that they can align their IT strategy with the business are well-positioned to drive the digital transformations their companies are formulating. "There has never been a time where technology has been more important, more strategic and a greater lever for enabling the business strategy," [2]
5
What will your “digital strategy” help them become better at? Does it have a point? Skiing, dating, cooking, coding, creating, building? If the answer is no, you don’t have a strategy. You have a vaudeville show. [3]
6
The challenge isn’t merely communicating anymore. It’s elevating. Let me put it this way. You can use the latest, greatest social network as a tool to broadcast your crappy promise that no one really cares about. Or you can use it to build a book club, or a running group, a support group, a counseling center, a peer-funded scholarship. See the difference? One is about volume. The other about values. And creating value. [3]
7
The IDC predicts that over the next three to five years, companies will have to commit to digital transformation on a massive scale, including fundamental cultural and operational transformations. They also predict that changing how companies interact with them will be mandatory for organizations that hope to grow revenue or increase market share. [4]
8
We believe that the integrated strategy machine is the AI analog of what new factory designs were for electricity. In other words, the increasing intelligence of machines could be wasted unless businesses reshape the way they develop and execute their strategies. [5]
Links
[2] http://www.cio.com/article/3060821/cio-role/new-boss-to-cio-its-not-you-its-me-but-you-re-fired.html
