By: Linda Ban, Global CIO Study Director, AIS Studies, IBM Global Business Services
There is big business in big data.
Indeed, information is exploding and we live in the era of data. This data is valuable, and can be mined to detect patterns that improve decisions and provide better outcomes for businesses, institutions and individuals.
CIO’s can take advantage of this exploding data and seize big data opportunities as computing goes beyond increased storage, better search, and more complex analytics to systems that enable humanity to reach its greatest potential for human creativity, innovation and ingenuity.
CIOs will need to act as both strategy collaborators and as technology managers and apply analytics to gain a new level of intelligence capitalizing on the opportunities provided by big data. More than ever before, CIOs must plan now to focus on enabling the organization to make faster decisions, and preparing the IT environment to accommodate rising levels of change and complexity to help organizations drive better business outcomes.
Essential Actions for the CIO are to:
· Collaborate beyond what is currently imagined
· Live simplification as a daily goal
· Embrace the power of analytics
· Help grow profitability and seek new revenue
· Provide unparalleled IT expertise
To be effective, CIOs must reach explicit agreement with C-suite colleagues and other executives on the organization’s goals and how IT can best support and facilitate them. And these agreements must be widely and clearly disseminated so that all parts of the business understand and accept IT’s primary focus.
The 2011 Global CIO Study is being released in IBM’s Centennial year as IBM celebrates the lead role it played in both establishing the need for CIOs in the 1950s and 1960s — the early days of business computing — and over elevating the position in the ensuing decades to give a voice to IT in the C-suite.
CIOs have a unique end-to-end view of their businesses, and are driving forces behind much of what it takes for companies to work smarter. With ongoing technological shifts and increasing complex environments, CIOs can deliver real business value by capitalizing on data stores.
Infrastructures based on flexible enterprise architectures can be developed to optimize new business opportunities and enable, rather than inhibit, rapidly changing business strategies. Because these infrastructures provide the greatest value when they are tightly integrated with business objectives, CIOs need to understand and influence how the enterprise will leverage technology to achieve its goals.
To download a copy of the 2011 Global CIO Study visit www.ibm.com/ciostudy