What does it take to thrive in the digital economy? That's the question leading CIOs, IT leaders and academics tackled at this year's MIT Sloan CIO Symposium in Cambridge, Mass. But don't expect any easy answers.
Success in today's cutthroat, digital economy hinges on demonstrating keen leadership in digital innovation. Panelists and speakers emphasized that if CIOs and their organizations want to be heavy hitters in this realm, they'll have to let go of traditional methodologies and legacy technologies and embrace the new IT: the internet of things, blockchain, augmented reality. The digital CIO will also need to educate their business peers on the new business models -- technology-enabled platforms that connect consumers and producers, nimble startups -- that are fueling the digital economy.
This CIO Essential Guide rounds up SearchCIO's coverage of the 2016 MIT Sloan CIO Symposium. Read on, learn and enjoy.
1The digitally adept-
Best practices, case studies and strategy advice from digital CIOs
Today's enterprise winners are the organizations that can exploit digital technology to make money and grow. For many companies that will require major changes to their IT systems and corporate cultures. How can the digital CIO achieve this transformation? This section dives into best practices for moving away from traditional IT and business approaches and making your organization more digitally adept.
This year's MIT Sloan CIO Symposium was all about the "digital ecosystem." To compete, companies need to play by a new directive: Share or be left out. Continue Reading
The blockchain industry is figuring out what makes a good blockchain use case, debating the usefulness of private blockchains and mapping out how regulators might benefit. Continue Reading
IT executives suggest financial services organizations looking to make a digital transformation should integrate elements of startup business culture. Continue Reading
McKinsey's Christopher Paquette spoke to SearchCIO at the MIT CIO event about important digital metrics and a range of enterprise digitization skills. Continue Reading
The CIO at Principal Financial Group details the company's digitization efforts, including a customer-facing app that injects comedy into managing retirement savings. Continue Reading
2New questions for IT-
Thorny issues in digital transformation
The digital economy brings a host of new questions for CIOs and IT executives to address. In this section, experts from the MIT Sloan CIO Symposium tackle some of the biggest concerns facing today's digital CIO.
As the focus of the attackers continues to shift in the face of IoT proliferation, the challenge will be how to mitigate attacks beforehand, an MIT CIO panel said. Continue Reading
With all the hype around blockchain technology also comes plenty of questions, particularly regarding blockchain security. A panel of experts takes on these concerns. Continue Reading
The decentralized nature of blockchain has some industry gurus questioning how privacy will be balanced with the digitization of user identity. Continue Reading
In this SearchCIO video, McKinsey & Company's Christopher Paquette addresses questions about enterprise digitization. Continue Reading
3On the scene-
The social network
Along with interviewing IT executives and sitting in on sessions, SearchCIO staffers were also busy snapping photos and recording video snippets for our Instagram account.
4The role of the digital CIO-
Opportunities abound for CIOs willing to get down and dirty with digitization
Digitization is giving CIOs a new lease on life. In our "Digitally adept" section, you learned how David Neitz, CIO at CDM Smith, helped launch cutting-edge technology to better serve customers. Here, read how he's finding the money to make projects like HoloLens happen. The digital CIO is also being tapped to play key roles outside of the IT department. At JetBlue, the CIO heads up the internal VC arm for the company. And boards are seeking out CIOs to serve as trusted tech advisers.
5Skills and talent-
It's time to redo your recruitment strategy
Everyone talks 'innovation' these days, but IT recruitment remains stuck in its ways. That's a mistake, according to executives and academics at the MIT Sloan CIO Symposium. They suggest CIOs rely on data analytics during the hiring process and seek out alternative resources, such as the Year Up program, to bridge the tech skills gap.
A curated list from our symposium coverage
CIOs and IT experts talk about how they're taking on IT portfolio management, IT strategy and security in the face of digital threats and responsibilities.
Creativity doesn't come in one flavor at CDM Smith. CIO David Neitz talks about the three types of innovation that keep this engineering firm moving forward. Continue Reading
The evolution of digital
Digitization isn't a new topic for CIOs, as this look back on MIT CIO Symposiums gone by demonstrates. This year's theme? 'Thriving in a digital economy.' The theme way back in 2011? 'Beyond the crossroads: How will the CIO role evolve in the digital business world?' But make no mistake, the CIO's role in digital transformation has evolved and so has our coverage. See for yourself.
Our most popular story from 2015 featured Schindler Group CIO Michael Nilles who talked about the importance of a united front when building a digital business. Continue Reading
Our most popular story from 2014: The debate as to who should lead a company's digital efforts is a waste of time. The more important conversation is determining how to measure digital success. Continue Reading
Our most popular read from 2013: The big data revolution is real; CIOs need to step up. Continue Reading
Our most popular story from 2012: Will the role of the CIO survive in a world that worships agility? Continue Reading
Our most popular story from 2011? Our data doesn't go back that far, but this piece, focused on cloud and mobile computing, came out of the annual CIO keynote panel. Continue Reading