CIOs: How to Prepare Business for Crises

IT is no longer core to business operations but a means for a business to continue, survive, and thrive in uncertain conditions. Whether it is a regulatory change, security scare, or a global pandemic, you must always be prepared to cope as a CIO. Preparing for the unknown will help businesses compete in the good times and survive during crises. In this article at CXO Today, Sohini Bagchi explains how CIOs can prepare for the next significant business disruption.

How to Plan for the Future

Build Capabilities

Investment in cloud computing, digital commerce, artificial intelligence (AI), machine learning (ML), and advanced analytics will help CIOs successfully adapt to uncertainty. According to various studies, AI and ML are the top choices for investment as they help CIOs achieve their goals.

Influence CEO’s Agenda

A Genpact study revealed that it is not enough for CIOs to have access to CEOs. Instead, they must play an influential role in driving digital transformation. “It is clear that to drive strategic change, a CIO needs to report at a high organizational level, ideally to the CEO,” says Bagchi. Regular communication with the CEO will enable CIOs to leverage combined business and technology expertise to influence the company’s strategic business plan.

Pay Attention to Employees

CIOs must pay attention to employee safety. Studies have indicated that human resources still ranked last among many CIOs’ functional areas. They are still prioritizing full-stack technology investment over employee safety and communication. With hybrid models emerging as the future of work, this will undoubtedly lead to a disconnect in meeting employee needs. Industry experts believe that CIOs must align talent, leadership, and business strategies. This will be the key differentiator in chief information officers’ abilities to attract, engage, and retain top talent.

CIOs can never be fully prepared for everything. However, by focusing on these key components, they can be prepared for the next significant business disruption. To read the original article, click on https://www.cxotoday.com/big-data/how-cios-can-prepare-for-the-next-major-business-disruption/.

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