Oracle published a list back in February of the top 10 CIO challenges in 2015. Last week, Richard Wendell, founding board member of the MIT-affiliated International Society of Chief Data Officers, referred to the list as he called on the chief data officers in the room to build stronger partnerships with CIOs.
“This, by the way, isn’t the answer,” Wendell said at the Chief Data Officer Summit in New York City, pointing to Oracle’s 10 CIO challenges projected onto a screen. “But I thought it was interesting food for thought.” Answer or not, each of the CIO challenges was something CDOs “can help with,” Wendell said, urging CDOs to get on it.
Wendell not only used the list of CIO challenges to make his case for CDOs partnering with CIOs, he also used it to illustrate the organizational transformation businesses are undergoing right now as data and analytics become ever more central to business success — at least at some businesses.
“I think that the opportunity for data, analytics, insight, transformation that we can all bring from revenue is incredibly powerful, and I think it’s often underplayed for a variety of reasons,” he said. Together, CIOs and CDOs can play a powerful role in the enterprise: They can own data strategy.
How did Oracle’s list stack up? You be the judge
The aforementioned list of CIO challenges was written by Bob Evans, senior vice president and chief communications officer at Oracle. Given that the year is almost done, I thought it might be interesting food for thought, to quote Mr. Wendell, to have our readers consider how accurate — or out-of-touch — the observations were.
Here’s the list, in full. The quotes and observations are all from Evans.
- Be the digital disruptor. “Who’s better positioned than the CIO to drive these disruptions?”
- Be the chief acceleration officer. “CIOs are in an ideal position to make speed a virtue across the enterprise.”
- Forge relationships with the CMO, CFO and beyond. “The business-centric CIO of 2015 will not just ‘support’ these relationships but will also initiate them, enrich them, and extend them.”
- Harness big data and analytics across the enterprise, with a specific focus on customer engagement. Data and analytics will provide competitive differentiation.
- Unlock insights and capabilities that enable every employee to build customer loyalty. Think multichannel.
- Exploit cloud computing to help achieve each item on this list. This is the year when CIOs use the cloud in more sophisticated ways to free up funds for innovation and “enhance core business processes.”
- Reimagine your security strategy as globalization and mobility redefine privacy and risk. “CIOs need to be frontline enablers of powerful new digital capabilities while also somehow finding a way to ensure that security continues getting better and better.”
- Be the evangelist for turning social into an enterprise-wide strategy. CIOs should be on the forefront of answering questions such as: What are the best tools to quantify the impact of your company’s social programs? And how do you correlate those programs to sales?
- Embrace new HR solutions and tools to make your department — and your entire company — a destination for world-class talent. Talent is scarce. CIOs should partner with HR to “win the talent wars,” and not just for the IT department, but for the organization as a whole.
- Transform the IT organization and reputation from no to yes, from SLAs to revenue growth, from obstacle to accelerator, from passive to opportunistic. “Be a positive partner,” be “joyful” and “enthusiastic enablers” who can juggle traditional responsibilities with new duties that range from helping HR find and recruit strong talent to growing revenue and customer loyalty.
What say you CIOs: How close did Evans come to describing the top 10 CIO challenges in 2015? And, be honest, how well did you meet these challenges?