Published on the 04/03/2014 | Written by Newsdesk
Deloitte has identified five possible disruptors likely to have an impact on organisations over the next 18 to 24 months. Topping the list is the CIO as venture capitalist…
In its just-published ‘Tech Trends 2014: Inspiring Disruption’ report, Deloitte says that, like venture capitalists, “CIOs should actively manage their IT portfolio in a way that drives enterprise value and evaluate portfolio performance in terms that business leaders understand—value, risk, and time horizon to reward. CIOs who can combine this with agility and align the desired talent can reshape how they run the business of IT.”
It explains that CIOs are realising that their current tools for managing risk and leveraging assets may not work in the face of other disruptors such as crowdsourcing, big data, the shift to mobile devices and cybersecurity challenges.
“Many are beginning to manage their technology portfolios in ways that drive enterprise value, actively monitor the performance of the portfolios, and communicate the portfolios’ positions in language the business can grasp. To do this, CIOs are borrowing from the playbook of today’s leading venture capitalists. As a result, they are reshaping how they run the business of IT.”
However research suggests that CIOs might be struggling to realise this vision. Gartner undertook a survey of 2300 CIOs in 77 countries. Respondents said they often felt overwhelmed by the prospect of building digital leadership while, at the same time, renovating the core of IT infrastructure and capability for the digital future. The survey found that 51 percent of CIOs were concerned that this change was coming faster than they could cope with and 42 percent felt they did not have the talent needed to face this future.
In its report, Deloitte identifies five disruptors and five enablers. The disruptors are: CIO as venture capitalist, cognitive analytics, industrialised crowdsourcing, digital engagement and wearables. The enablers are technologies in which many CIOs have already invested time and effort, but that warrant another look because of new developments and new capabilities. They are: technical debt reversal, social activation, cloud orchestration, in-memory revolution and Real-time DevOps.
