Market Trends: Today's CIO | FirstRain

Market Trends: Today’s CIO

This is part of the FirstRain Persona Series. 

The role of a CIO has evolved. Now, the responsibilities demand a CIO wear many hats; to be a chameleon and a visionary.

Today’s CIO must be able to lead, adapt quickly, be a pioneer with an innovative and competitive perspective. And let’s not forget, a CIO bears the challenge of finding business technology that embodies all of these traits.

A core challenge for the modern CIO is finding fundamental technology that can be productive, predictive and proactive across the many divisions of a company and accessible through many platforms. She/he is responsible for creating fluidity for internal and external business information.

Chief Strategy Officer of Adjuvi , Dion Hinchlcliffe confirms, “While yesterday’s IT could be somewhat siloed, today’s modern enterprise must have an open architectures, from data to APIs, to search and discovery, that makes it possible for the knowledge that flows within the organization to find its way to wherever it needs to be, and to do it all securely as well.”

CIOs face the challenge of finding enterprise solutions that transmit a cohesive streamline of information throughout a business network. In the past, the role was focused on precision in the implementation of effective IT departments. Now, the role demands much more.

CIOs must pioneer a digital business strategy that will address the needs of transitioning legacy software into Cloud, SaaS platforms. According to CIO.com, many companies are still struggling with software updates with significant IT costs and CIOs are challenged with mitigating the risk of moving too fast or moving too slow.

CIOs are aware of the transition that is taking place. They know that they must implement a digital strategy that meets the demands of day-to-day processes and future enterprise goals.

A CIO must service the key responsibility of providing teams with internal and external access to intelligence technology, both equally important and crucial for business development.

Within the company, internal information management technology must be productive and sensitive to existing legacy software. Business technology companies are addressing these enterprise needs and have built platforms and services that are scalable with easy plug-and-play implementations offering an array of accessible platforms. For example, companies like Salesforce, Oracle and Microsoft, offer their customers enterprise cloud based platforms that meet the needs of today’s CIO.

Today’s CIO must understand the sensitivity in moving legacy software to a digital world, and must also act like a CMO, a sales hustler and must understand the importance of staying competitive as a global business.

Access to external information should not only be predictive it must be actionable to stay competitive. For example, a CIO in the manufacturing sector requires industry analysis that draws meaningful connections between current business relationships, and the global economy.  New technology is doing just this.

Business intelligence software companies are fulfilling the need of identifying the intricacies of products, vendors, markets and the global economy.  They offer market insights and competitive intelligence tools that address risk and opportunity.

For example, FirstRain, an enterprise leader of data analytics, provides access to a dynamic platform, that delivers target market analysis of emerging events, market trends, management changes and strategy developments so a CIO can help his/her teams stay competitive and engaged.

As global business technology becomes hyperactive and continues to evolve, so does the role of a CIO. Today, the CIO must be a CMO, a sales leader, a CFO and successfully sail the enterprise to meet the goals of the CEO and board of advisors. Connecting teams to the right technology can drive results, and this is why the role of a CIO continues to be pivotal.

If you want to learn more about how transformational CIO’s are using the FirstRain platform please visit our website or contact us!

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