With LOB leaders learning tech faster than CIOs gain business-savvy, IT leaders must strengthen advisory skills, build relationships, and embrace strategic transformation before losing out to business counterparts. Credit: Getty Images With digital technology increasingly vital to business, the CIO role is quickly evolving, placing IT leaders under threat from business executives who offer the blend of business and technical savvy necessary to lead transformational strategies in the future. A recent report by market intelligence firm IDC has placed IT leaders at a crossroads, predicting that, by 2026, 60% of APAC CIOs will find their roles challenged by LOB (line-of-business) counterparts who can better demonstrate the ability to align technology with the organization’s mission and customers. Already under pressure to accelerate digital transformation, CIOs now often find their voices drowned out by LOB executives who are heavily involved in making technology decisions, according to the report. This trend could leave CIOs vulnerable to decreased influence over the corporate technical agenda, or pushed into a secondary C-suite role. Narottam Sharma, who recently quit his role as global CIO of Indian multinational Mastek to advise enterprises on digital transformation, cuts to the heart of the issue: “Technology is getting democratization but […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
