UPDATE: CIOs are now facing unprecedented pressure to not only enable but actively drive business value, according to insights from leading IT experts. As organizations navigate rapid technological transformations, experts emphasize the urgent need for effective collaboration and strategic management practices.
In a recent discussion, Michael Ringman, CTO of Ibex, stated that the presence of shadow IT within companies serves as a crucial indicator of IT effectiveness. “Finding shadow IT is super cool,” Ringman said, highlighting it as an opportunity for engagement rather than a setback. He believes that strong partnerships with other organizational leaders are essential to alleviate budget constraints and enhance value delivery.
Additionally, Scott Weller, CTO of EnFi, underscored the critical role of change management in today’s rapidly evolving digital landscape. “IT is now required to measure efficiencies during projects, not just at the end,” Weller noted, stressing the importance of embedding technologists within business units to drive AI initiatives effectively.
Dmytro Voloshyn, CTO of Preply, emphasized the need for data-driven decision-making in IT. He cited a recent partnership with OpenAI to evaluate enterprise AI tools that significantly improved productivity. “By calculating time saved, we can predict total savings, which directly impacts business value,” Voloshyn stated.
The urgency of these strategies is amplified as businesses face external pressures such as market fluctuations and technological advancements. Experts agree that fostering a culture of agility and human connection is vital, especially as automation becomes increasingly prevalent.
As organizations strive to adapt, the focus on building solid business-IT partnerships is more crucial than ever. “It’s like being married—both sides must contribute equally,” Ringman explained, advocating for shared understanding and collaboration to maximize impact.
Moving forward, companies must prioritize these insights to navigate challenges and leverage new technologies effectively. The message is clear: to thrive in this fast-paced environment, understanding the business landscape and fostering collaboration is not just beneficial but essential.
Stay tuned for more updates as CIOs and IT leaders implement these strategies to enhance business value amid evolving technological landscapes.
