The role of a CIO (Chief Information Officer) is very prominent in this current scenario of increased rise in need for management of advancing resources of IT. He/she is the one who’s responsible for establishing a better business/IT alignment with in an organization. But recently the role has greatly changed from just responsible for the tasks related to IT or Information Technology, rather CIOs need to make sure there is better alignment in enterprise analytics. So what kind of jobs do they perform in an enterprise to drive and boost the organizational goals?
The very first task of a CIO is to perform the role of a leader, i.e. a business leader. But In this fast pace digital world, he must play a dual role: builder of technology and builder of business. The digital technologies are putting pressure on IT organizations and CIOs have to manage it through strategy innovation and revenue growth by building and integrating a cost-effective information system. Being an officer of the senior most rank, a CIO shall make decisions regarding purchase of equipment’s related to IT departments also they are solely responsible for handling and managing the tasks of his executives. But the changing technological market aspire leading CIOs to take a more expansive view of their role. No longer is their job merely to build and operate the technology their business needs to function. Since IT is part owner of the company’s analytical capabilities, IT managers must understand and be able to articulate the potential for analytics being created at an enterprise level. IT organizations should, also, build an IT infrastructure capable of delivering the information and analytics that people across the enterprise need not just now but also in the future. Increasingly, they see their role as helping to increase revenue, improve customer experience, and coax insight out of the growing amount of data generated by company’s digital operation and shape strategy. Because of this reason CIOs have to keep an eye on the mechanism of data delivery and data management and data analytics. Data analytics is a place where the CIO can drive better business and IT alignment. Getting at the right analytical questions serves as a forcing function for better system design and for ensuring that systems better meet business objectives.
Organizations should have an enterprise analytics strategy. The analytics strategy should be about how do you answer business critical questions. This strategy needs to be determined and shaped by business strategy. Business strategy needs to determine what data is needed and what analytics are needed to present this data. This includes advanced analytics. As an IT leader, CIOs probably get pulled into departmental projects and receive requests for new analytics solutions all the time. He can come up with a successful enterprise analytics that include essential components like
- Get the right data together and manage it efficiently.
- Make data accessible so people can play with it freely and innovate.
- Identify analytics tools and structures for the enterprise.
- Create a culture of analytics that’s built on reproducible processes.
- Measure how analytics is changing your business
Once an efficient enterprise analytics strategy is in place CIOs can lead their team to adopt analytics-driven planning and decision making.
Are you ready to develop an enterprise strategy that helps your organization fully leverage analytics? For example, what if you could transform data in ways that tell key business decision makers something that they don’t already know? This would, for example, empower executives to make more strategic business decisions by enabling them to simulate the future consequences of different choices and scenarios and make the choice that will result in the best improvements in KPIs. The opportunities and potential for business impact are huge – so what are you waiting for? Talk to us