Four Essential Steps for CIOs to Lead Successful Digital Transformation (Full Transcript)

Speaker 1: Hello everyone. Today we're going to talk about four steps that CIOs can take to lead digital transformation. One of the things that can hinder innovation within organizations is having to get up to speed in major areas that affect business and technology. The role of the CIO is evolving into a more strategic position, which means that CIOs will play a greater role in the digital transformation of their company. And not just when it comes to technology, but when it comes to business as well. Because of this shift, there are certain steps that must be taken by CIOs to help lead the digital transformation efforts in their businesses. The first one is this, be the right leader. CIOs must embody the best qualities of leadership that will allow them to embrace and help create digital transformation. The types of CIOs that lead the charge for change in their industries are adaptable and don't fear change. They can both assimilate and advocate for change, which is what helps them to stand out. The second step is to value education. CIOs should not stop learning about their industry and other industries. Education and training are two primary ingredients for success in leadership. Education doesn't have to be as formal as going back for an advanced degree. It can be as simple as reading, networking, attending webinars, and asking the right questions. The third step is to assemble a great team. Make sure that you pay attention in the hiring process so that you have the best people on your team. No matter how big your IT team is, both unity and diversity should be evident. Having both of these qualities offers a balance between experience and education. Encourage diverse opinions and conversations that can turn into proactive solutions. A good team will support you in implementing changes for your digital transformation framework and help you come up with creative ideas to stay on the cutting edge. The fourth and last step is this, to have a strategy. At the end of the day, leadership involves action and planning, so you must ask the right questions before getting started. What process will you be transforming? How will they affect your relationship with your customers? Will it add value internally or externally? What are the costs, monetary and otherwise, associated with it? Having answers to these and other questions will help you establish your goals and build your digital transformation strategy. As a CIO in the modern world, it is important that you don't get left behind when it comes to making digital investments. Make sure you are taking the necessary steps to help lead your business well into the digital age.