This is how CIOs can drive value creation amid pandemic

by IANS |

Mumbai, Nov 30 (IANS) To accelerate value creation in the pandemic, CIOs and IT executives should focus on three key areas -- leading from anywhere, nurturing connections and reaching beyond, a Gartner report said on Tuesday.

As organisations continue to emerge from the disruption of the Covid-19 pandemic, CIOs and IT executives will need to seek to generate value in fundamentally new ways, said Mbula Schoen, senior research director at Gartner, during its IT Symposium/Xpo India.

By the end of 2022, the share of knowledge workers working remotely will increase to 47 per cent, up from 27 per cent in 2019.

"CIOs and IT executives should focus on leading anywhere by ensuring enterprise and talent readiness; nurture connections to ensure ecosystem readiness; and reach beyond by using technology and society readiness," according to the report.

Research shows that currently, 41 per cent of employees identify as business technologists, meaning they report outside of IT departments and create technology or analytics capabilities for internal or external business use.

"Organisations that successfully enable business technologists are 2.6 times more likely to accelerate digital business outcomes than organisations that do not empower business technologists," according to the report.

"Where we work, where technology leadership comes from and where IT is produced has shifted," said Schoen. "CIOs and IT executives must capitalize on changes around the future of work to propel their teams and their enterprises forward."

According to Daryl Plummer, distinguished research vice president and Gartner Fellow, CIOs need to reconsider how they think about value, and how they get to that value.

"They need a more expansive view of the role technology plays in doing so. And they must be bold to reach beyond the ewhere' to discover freedom," he added.

The technology can help CIOs gain freedom from historical insights, legacy business practices and bias.

According to Gartner, through 2024, 40 per cent of people will intentionally devalue their personal data, making it difficult to monetise.

"AI-based systems can create artificial -- or synthetic -- data sets that are valid, predictive and so accurate that personal privacy may not need to be violated in the future," it added.

Latest News
South Korea to launch 1st homegrown nanosatellite on Wednesday Tue, Apr 23, 2024, 04:50 PM
Gaza launches fresh rocket attacks on Israeli border areas Tue, Apr 23, 2024, 04:49 PM
Doughty daughters campaign for parents in UP Tue, Apr 23, 2024, 04:48 PM
Olympic Selection Trials: Ashi, Swapnil take top spots in 3P trials Tue, Apr 23, 2024, 04:42 PM
How stress can affect your body Tue, Apr 23, 2024, 04:40 PM
Indian chess body AICF exploring possibilities of hosting world title match between Gukesh and China's Ding Tue, Apr 23, 2024, 04:34 PM
Five killed while trying to cross from France to Britain in small boats Tue, Apr 23, 2024, 04:33 PM
CM Kejriwal, K Kavitha's judicial custody extended in money laundering case till May 7 Tue, Apr 23, 2024, 04:19 PM
Aston Martin launches new sports car 'Vantage' at Rs 3.99 cr in India Tue, Apr 23, 2024, 04:05 PM
Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan Tue, Apr 23, 2024, 04:05 PM
Nine injured in Russian drone attack on Ukraine Tue, Apr 23, 2024, 04:04 PM
Giorgia Meloni's alliance scores victory in south Italy poll Tue, Apr 23, 2024, 04:03 PM
Congress still in a dilemma over Khammam Lok Sabha ticket Tue, Apr 23, 2024, 04:02 PM
Kerala Cong moves EC over Left MLA's 'DNA' remark against Rahul Gandhi Tue, Apr 23, 2024, 03:29 PM
Refer Neha murder case to CBI: Basavaraj Bommai to Karnataka Police Tue, Apr 23, 2024, 03:28 PM