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Six Ways CIOs Can Drive Digital Transformation | @CloudEXPO #AI #AIOps #DevOps #Analytics #SmartCities #DigitalTransformation

Growing a digital business is essential for virtually every enterprise across every industry

Six Ways CIOs Can Drive Digital Transformation and Lead Their Companies Toward Revenue
By Megan Van Vlack

Growing a digital business is essential for virtually every enterprise across every industry. Large enterprises and small businesses alike are digitizing their internal and customer-facing processes and services to increase efficiency, scale their businesses, and collect meaningful data. Yet, while many companies have launched digital services to collect data, we haven’t fully tapped into the potential of data analytics—even though studies suggest that digital will be a top differentiator in years to come.  Curious how you can get a better handle on digital transformation? Read on to learn why it’s so crucial, plus discover six key ways to digitize your business.

Why Digital Transformation Is Such a Big Deal
A recent survey of 573 senior executives from North and Latin America, Europe, and the Asia-Pacific region conducted by Forbes Insight and Hitachi shows that less than half of executives see themselves as advanced or leaders in data and analytics. The survey drew responses from executives across a wide range of industries, from technology and services to finances, telecommunications, and healthcare.

Even though the vast majority of companies—91 percent—that use data and analytics have experienced increases in revenue, only a third see themselves as leaders in customer experience. This gap highlights how underutilized data and analytics continue to be in the business world.

Researchers from the MIT Center for Digital Business define digital transformation as “the use of technology to radically improve performance or reach of enterprises.” In a 2014 survey of 157 executives at 50 companies, researchers found the best-performing companies combined digital activity with strong leadership to leverage technology for transformation. According to the researchers, these companies had reached digital maturity—a differentiator that led them to outperform their competition.

The key areas where the MIT Center for Digital Business saw executives digitally transforming their processes were customer experience, operational processes, and business models. Additionally, as Forbes and Hitachi’s survey shows, these are also areas where IT leadership can lead the way. To be successful with digital transformation, CIOs need to steer their companies in two seemingly opposed directions. IT leaders need to take a bigger, long-term vision while executing on outstanding operational delivery within the organization. In order to fully transform their company digitally and ensure success, CIOs need to take these six steps.

1. Make data and analytics a top company priority
The majority of companies are already putting digital transformation at the forefront. Forbes Insights and Hitachi’s research shows that digital transformation is a priority for 50 percent of respondents. This focus is especially notable when it comes to how executives make investments that will benefit their organizations in the long term. The study found that, in addition to increasing their data and analytics capabilities, new technologies are the top investment priority of 51 percent of respondents for the next two years.

However, a not-so-small subset (49 percent) of companies still lags behind. In the years to come, this will be a huge differentiator between these organizations and their competitors as they rush to play catch up. This is because data, like a fine wine, improves in value over time. The more data an organization is able to collect and analyze over a longer period of time, the sharper their insights.

2. Design digital transformation around business goals
Forbes and Hitachi’s research also found that a changing business model was the top reason that 41 percent of respondents had begun the process of digital transformation. The availability of new technologies came second, driving 40 percent of respondents to digitize their businesses. This is likely due to the impact that digital disruption has made on a number of industries. Companies, such as Uber and Airbnb, seemingly transformed their industries overnight by leveraging cloud and mobile technologies to gain access to customers.

Savvy leaders are turning to digital transformation to modernize—before their industries are turned upside down. For instance, the ability to innovate was listed by 46 percent of survey respondents as the top metric used to measure the success of digital transformation, closely followed by revenue growth (46 percent) and cost reduction (43 percent).

3. Take an enterprise-wide approach
Digital transformation can’t be accomplished in a silo. Currently, the bulk of the work is carried out by IT teams—without the involvement of cross-function teams within the company. The focus on IT is partially because they were cited by 53 percent of Forbes and Hitachi’s survey respondents as the most prepared for digital transformation. Only a third of the survey respondents viewed other company functions as ready.

Instead of focusing solely on IT for digital transformation, companies should empower IT teams to collaborate with other departments on ways to digitize their systems. By partnering with other departments, IT teams can make an efficiency and revenue impact across the organization. If digital transformation continues to live in a silo, its effectiveness will remain limited.

4. Expand the role of IT
CIOs have a unique opportunity to grow and expand their influence within the organization. A survey from Gartner shows that 75 percent of executives expect digital to help double revenue. Digital transformation can give IT leaders an opportunity to expand their roles and oversee technology across the organization. To make this change, CIOs need to shift away from focusing just on operations and infrastructure to embracing a more consultative and collaborative role.

Much of IT spending happens outside of the IT department. When IT leadership oversees all technology spending, they gain a holistic view of what technology the company uses the most as well as redundancies and opportunities to innovate. IT leaders need to both manage traditional IT while also act as an advisor and guide for the rest of the company on what technologies and digital projects they should research and experiment.

5. Transform talent acquisition
The recruiting process at many organizations is one clear area where digital transformation and collaboration with IT can make a big difference for companies. Companies are constantly searching for the best talent, and it’s a challenge to find people with the right skill sets, especially when it comes to tech roles such as data science and DevOps. What’s more, the technology landscape constantly changes and there’s a high likelihood that this time next year, companies will seek people with an entirely different set of skills.

The right digital tools can help make the process of finding and connecting with candidates much easier. Solutions such as videoconferencing for interviews, sharing job openings on social media, and leveraging LinkedIn make recruiting and interviewing much more efficient—and not just for the IT department. Teams across the company can hire top talent more easily and efficiently by digitizing their recruiting process.

6. Prioritize employee-friendly processes
Just as digital transformation can’t flourish in a silo, new procedures and technologies that aren’t employee friendly will also fall flat. Busy employees will only be frustrated by technologies they don’t know how to use or those that need constant troubleshooting. When this occurs, they simply return to the old way of doing things. Instead, IT leaders have to think like user-experience professionals and HR teams. They need to assess new technologies based on user-friendliness, as well as educate, train, and support employees when new technologies are implemented.

Digital disruption brings change, which can be uncomfortable for employees—especially team members who are used to the old system. It’s important to be understanding and patient. Setting the right tone is crucial. For instance, let employees know that a dip in productivity is expected while everyone adjusts to the new system. There are also many ways to make learning new technology more enjoyable for everyone. Holding new tech trainings with snacks, games, and prizes, and allowing for some time to let everyone socialize can help the team relax and have fun.

Conclusion
The growing interest and adoption of digital transformation by the business world has created new opportunities for IT leadership to evolve their roles within their organizations. This gives companies more access to tech leaders who can steer their business toward higher levels of productivity and efficiency, which can increase revenue and decrease costs. To do this, CIOs and IT professionals have to make a shift toward developing more strategic and consultative roles for themselves. This is the only way they can effectively partner with departments across the company to enact change and drive digital transformation.

The post 6 Ways CIOs Can Drive Digital Transformation and Lead Their Companies Toward Revenue appeared first on Application Performance Monitoring Blog | AppDynamics.

At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes.

Register Today and SAVE ▸ Here

Speaking Opportunities ▸ Here

Sponsorship & Exhibit Opportunities ▸ Here

Silicon Valley Faculty ▸ Here

Silicon Valley Schedule ▸ Here

CloudEXPO Has Been the M&A Capital For Cloud Companies

CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.

Our Silicon Valley 2019 schedule will showcase 200 keynotes, sessions, general sessions, power panels, and hands on tutorials presented by 150 rockstar speakers in 10 hottest conference tracks of 2019:

» CloudEXPO
» DevOpsSUMMIT
» ServerlessSUMMIT
» Kubernetes at CloudEXPO
» FinTechEXPO Blockchain
» DXWorldEXPO Digital Transformation
» AI | ML | DL | Artificial Intelligence
» Big Data | Analytics
» IoT | IIoT | Smart Cities
» Mobility | Security
» Enterprise Cloud Hot Topics

CloudEXPO Silicon Valley 2019 Show Prospectus ▸ HERE

Prospectus At-a-Glance ▸ HERE
Attendee Profile ▸ HERE
Keynote Opportunities ▸ HERE
General Session Opportunities ▸ HERE
Diamond Sponsorship Opportunity ▸ HERE
Platinum Sponsorship Opportunity ▸ HERE
Gold and Silver Sponsorship Opportunities ▸ HERE
Bronze Sponsorship and Exhibitor Packages ▸ HERE
Benefits of Exhibiting at CloudEXPO 2019 ▸ HERE

CloudEXPO is the single event where technology buyers and vendors meet to experience and discus cloud computing and all that it entails. For more than a decade, sponsors and exhibitors of CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities through our following unique tools. For more information on sponsorship, exhibit, and keynote opportunities call us at 954 242-0444 or contact us ▸ Here

  • Featured on-site presentation and ongoing on-demand webcast exposure to a captive audience of industry decision-makers
  • Showcase exhibition during our new extended dedicated expo hours
  • Breakout Session Priority scheduling for Sponsors that have been guaranteed a 40-minute technical session
  • Online advertising on 4,5 million article pages in SYS-CON's leading i-Technology Publications
  • Capitalize on our Comprehensive Marketing efforts leading up to the show with print mailings, e-newsletters and extensive online media coverage
  • Unprecedented PR Coverage: Unmatched editorial coverage on Cloud Computing Journal
  • Tweetup to over 184,000 plus Twitter followers
  • Press releases sent on major wire services to over 500 industry analysts

FinTech and Blockchain Are Now Part of CloudEXPO 2019 Program

Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses.

Accordingly, attendees at the upcoming 23rd CloudEXPO, June 24-26, 2019 at Santa Clara Convention Center in Santa Clara, CA will find fresh new content in full new FinTech & Enterprise Blockchain track.

ServerlessSUMMIT & Kubernetes at CloudEXPO Silicon Valley

As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility.

Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility.



As they do so, IT professionals are also embracing the reality of Serverless architectures, which are critical to developing and operating real-time applications and services. Serverless is particularly important as enterprises of all sizes develop and deploy Internet of Things (IoT) initiatives.

Serverless and Kubernetes are great examples of continuous, rapid pace of change in enterprise IT. They also raise a number of critical issues and questions about employee training, development processes, and operational metrics.

DevOpsSUMMIT at CloudEXPO Celebrates Its 12th Event in Six Years

Cloud-Native thinking and Serverless Computing are now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector.

The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.

ServerlessSUMMIT and DevOpsSUMMIT at CloudEXPO expands the DevOps community, enable a wide sharing of knowledge, and educate delegates and technology providers alike.

There's a real need for serious conversations about Serverless and Kubernetes among the people who are doing this work and managing it.

So we are very pleased today to announce the ServerlessSUMMIT at CloudEXPO.

DXWorldEXPO Showcases Cutting-Edge IoT, Artificial Intelligence, Machine Learning, and Digital Transformation

Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation. DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy.

DXWorldEXPO® has organized these issues along 10 tracks, 22 keynotes and general sessions, and a faculty of 222 of the world's top speakers.

DXWorldEXPO® has three major themes on its conference agenda:

Technology - The Revolution Continues
Economy - The 21st Century Emerges
Society - The Big Issues

Global 2000 companies have more than US$40 trillion in annual revenue - more than 50% of the world's entire GDP. The Global 2000 spends a total of US$2.4 trillion annually on enterprise IT. The average Global 2000 company has US$11 billion in annual revenue. The average Global 2000 company spends more than $600 million annually on enterprise IT. Governments throughout the world spend another US$500 billion on IT - much of it dedicated to new Smart City initiatives.

For the past 10 years CloudEXPO® helped drive the migration to modern enterprise IT infrastructures, built upon the foundation of cloud computing. Today's hybrid, multiple cloud IT infrastructures integrate Big Data, analytics, blockchain, the IoT, mobile devices, and the latest in cryptography and enterprise-grade security.

Digital Transformation is the key issue driving the global enterprise IT business. DX is most prominent among Global 2000 enterprises and government institutions.

About DXWorldEXPO LLC

DXWorldEXPO LLC is a Lighthouse Point, Florida-based trade show company and the creator of DXWorldEXPO - Digital Transformation Conference & Expo. The company produces and presents the world's most influential technology events including CloudEXPO, DevOpsSUMMIT, and FinTechEXPO.

Read the original blog entry...

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