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Digital transformation is indeed a cornerstone of business strategy today, as 89% of enterprises see digital business as core to their growth, according to Gartner’s Board of Directors 2023 Survey. Equally telling is another statistic from that research: Just 35% of these enterprises have achieved their digital goals or are on track to do so.
A fractional CIO is a technology leader hired on a temporary or part-time basis, explains Peter Kirkwood, corporate strategy leader at management consulting and strategy advisory firm Zinnov. A fractional CIO develops and leads the execution of a company’s IT strategy,” he states. What does a fractional CIO do?
IT leaders must rigorously assess their partners’ talent management and development strategies, build greater trust and transparency into the relationships, and invest in greater partner governance. World Insurance’s Corrigan advises asking what skillsets, certifications, and personality types they look for when hiring.
Prices are increasing, and negotiation is becoming more difficult,” agrees Melanie Alexander, senior director analyst on Gartner’s sourcing, procurement, and vendormanagement team. Vendors are not granting the same concessions they have in the past.” Deals done by business users alone may be technically unsound.
FinOps is part of the equation, but from a CIO perspective, you need a top-down view that starts with the strategy before you talk about the components of it,” McMasters says. For CIOs, that means building strong relationships with the C-suite and business unit managers so they can plan for and optimize cloud spend, says McMasters.
Louis-based KnowledgeLake, a cloud-native enterprise content management (ECM) platform provider. But in reality, it’s about being flexible and adjusting strategies as things evolve,’’ he says. Brad Porter, CTO, KnowledgeLake KnowledgeLake He advises CIOs to listen to the data and use it to drive decisions.
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