Oracle has published its fourth annual list of the major challenges and opportunities global CIOs will face in the coming year. Authored by Oracle senior vice president & chief communications officer Bob Evans, this article highlights the increasingly important role of CIOs as the global economy embraces cloud computing, the Internet of Things, mobile everywhere, and social.
In today's economy, the competition is fierce. Natively digital companies are threatening decades old companies. Some large enterprises have successfully embraced digitization and now have notable advantages over their competitors. Customer expectations have increased across every industry, and continue to rise.
This year's list focuses on business growth and competitiveness, which is a sign that digitization has matured and is now a core competitive advantage.
Four key attributes will help CIOs reach success in the coming year. They will have to be able to create new products, services and capabilities; evangelize digital-first thinking throughout the organization; transform the corporate culture as IT shifts from reactor to innovator; and accelerate decision making and processes across the board.
In 2016, we'll see companies create new revenue streams that capitalize on digitization, and we'll witness cultural shifts in the business to embrace innovation. We'll see a hyper-focus on improved customer engagement leveraging digital technologies, data driven decision making, and increased flexibility delivered by cloud computing. Technology is at the center of all these trends.
Don't get left in the dust of 2015. Read this article that includes a video interview of Bob Evans summarizing what he predicts will be the top 10 strategic CIO issues of the coming year.