As CIOs head into uncertain economic times, operational efficiency again takes center stage. Here's how to streamline IT operations and trim budget while still fueling business growth
"The year started bright for CIOs, with most expecting healthy budgets for 2020. Indeed, surveys pegged the majority of IT budgets as up over last year," opines Mary K. Pratt
"Now many CIOs are preparing for a complete turnaround, as COVID-19, economic shutdowns and the growing potential for a global recession hit hard at organizational revenue.
As a result, IT budgets are now expected to decline..."
Since the pandemic began, we've seen seismic shifts in customer focus and operational speed. Waters Corporation CIO Brook Colangelo shares how to embrace new opportunities
"Take a moment to reflect on what a typical weekday looked like for you as a CIO back in February,"
writes Brook Colangelo in The Enterprisers Project
"Maybe you were wrapping up your annual planning or preparing a retreat to motivate and inspire your teams for the year ahead. You might have been determining which vendor meetings to make time for or planning which conferences to attend..."
At the 2020 MIT Sloan CIO Symposium Leadership Award presentation, the finalists discussed their role in helping manage their companies through a crisis and prepare them for recovery
"The COVID-19 pandemic scrambled business operations more profoundly and rapidly than any event in most people's living memory," writes Gabriella Frick in SearchCIO
"At leading organizations, CIOs are playing a crucial role not only in helping navigate the uncharted territory, but also in capitalizing on emerging opportunities created by the upheaval.
"How do we come out of this crisis even stronger than before?" said Mojgan Lefebvre, executive vice president and chief technology and operations officer at Travelers Insurance and one of the finalists of the 2020 MIT Sloan CIO Symposium Leadership Award.
How does technical debt accrue in your organization - and how can you keep it to a manageable level? Consider these four strategies
"Technical debt is all but inevitable," opines Kevin Casey in The Enterprisers Project
"In fact, even the headline for this article presumes some level of tech debt in your organization - because unless you work in a magical fantasy land where the code is always pristine and developers never have to make trade-offs, it's true. Most IT leaders and software engineers will agree with this premise to varying degrees..."
To recover from the Covid-19 lockdown, businesses will need to cut costs. In doing so, Gartner urges CIOs to look at value and cost optimisation
Cliff Saran writes in ComputerWeekly
"Analyst Gartner has urged IT leaders to develop a cost optimisation framework to help determine where to reduce IT and business costs as their organisations plan for business recovery.
Economic recovery from the coronavirus will require CIOs and business leaders to evaluate cost-cutting measures, cost optimisation and projects that can deliver business value within a timeframe required by the business..."
Employee dissatisfaction can have a long-term negative impact on your business. Here's how to turn things around
"CIOs are under tremendous pressure to cut costs, produce innovative new products and services, hire top talent, and even transform the organization's business model,' writes
Mitch Betts and Martha Rounds in CIO
"With so much on the CIO's to-do list, the internal employee experience is in danger of falling to the bottom of the CIO agenda.
Digital transformation has set the CIO's attention on external customers, but 'there's a piece of the IT organization whose customer is the employee. Yet that always seems to come last in terms of attention and funding. IT departments generally don't put the best talent on that,' says Claus Jensen, CTO/CIO at Memorial Sloan Kettering..."
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