In the past, product development had a tendency to result in a “feature soup” where new features were added on top of old features, without any consideration of the product holistically, he observes. “Today, by taking a laser-focused approach to customer needs and focusing on product first, CIOs can ensure maximum value is delivered in the shortest time.”
Bhawna Singh, CTO of San Francisco-based IAM provider Okta, echoes that, saying that it is critical for CIOs to adopt a customer-centric mindset when investing in new technology and processes for employees.
“Understand their needs, expectations, and pain points. Ensure that products deliver real value to them,’’ Singh says. “Just like developing product experiences for customers, it’s crucial to prioritize user experience and design. Intuitive, user-friendly interfaces and well-thought-out user journeys are critical for the success of digital products and services.”
5. Talent trumps process
While processes are critical for efficient deployment of resources and delivering high-quality software in a timely manner, “talent is the single most important driver of a successful software organization,’’ maintains Gravitee’s Brasseley.
It is more compelling for technology-led companies whose product is software, he adds. Even in a softening labor market, acquiring top-notch engineering talent remains a daunting task, as there remains incredible competition for A+ engineers, he says.
“This also means offering efficient and streamlined recruiting practices,’’ he says. “Go from interview to offer in a low-friction timely manner. I’ve seen far too many candidates lost due to making them jump through too many hoops.”
It’s your dedicated core team, often celebrated as “key stalwarts” or “rock stars,” who will propel your organization forward, adds KnowledgeLake’s Porter. In light of this, CIOs should not only prioritize technology investments, he says, “but also the development and empowerment of their people, recognizing them as the most valuable assets in the pursuit of progress.”
6. Adopt (and contribute to) open source
The open-source community is a gold mine of innovation, says IMRnext’s Purdy. “By collaborating and contributing, organizations can stay at the forefront of technology, adopt best practices, and leverage collective knowledge, all whilst gaining access to an immediate user base.”
Open source should be part of the equation, Okta’s Singh says. When evaluating a technology to bring into her stack, Singh wants to ensure that “this tech will not box me into a vendor. My team is always looking to bring the best tech, which includes open source at times, so having the ability to integrate with other technology or extend to meet our custom needs is important.”
7. Create an ecosystem of innovation
In an age where tech knowledge is almost commoditized, it’s not just about hiring IT professionals but about finding individuals who combine deep tech savvy with a keen understanding of business strategy, says Purdy.
“By empowering team members and employees to be critical of only delivering outcomes that create value and challenging the status quo, an environment can be established where innovation thrives,’’ he says.
Hiring socially and culturally diverse teams brings varied perspectives, experiences, and problem-solving approaches, fostering creativity and out-of-the-box thinking. “Trust your team members and give them the safety and autonomy to make tough decisions,’’ Purdy says. By creating an environment where failures are seen as learning opportunities, teams are more likely to take risks and come up with groundbreaking ideas.”
This instills a sense of ownership and often leads to more innovative solutions as individuals feel empowered to explore and experiment, he adds. “CIOs can build teams that are not only competent and skilled but also highly adept at fostering new and innovative ideas.”
8. Don’t just plan for now — think about the future
There’s no doubt technology changes quickly. If CIOs are not actively devising a strategy that anticipates the technological landscape of the next three to five years, they are less likely to stay caught up, says Jess Keeney, chief product and technology officer at Duck Creek Technologies, a provider of P&C insurance software, based in Boston.
Duck Creek Technologies
Emerging technologies such as generative AI, machine learning, and automation have become integral and require a comprehensive understanding of how they align with your organization’s objectives, Keeney says.
“There is still time to embrace technologies that have been postponed or overlooked in the past,’’ she says. “This transition will require taking a holistic, 30,000-foot view of your entire organization, enabling a balanced approach to manage transformation initiatives alongside customer service and satisfaction, and business growth via informed decisions.”
It’s common practice for CIOs to take the safe approach of investing in technology platforms that are robust, proven, and have been around for a while.
“You know it works and that it’s bulletproof,’’ Porter says. But while stability and reliability are crucial, recent leaps in technology, such as the rapid evolution of ChatGPT, highlight the need to be forward-thinking. CIOs must look at platforms and think not only about the present but also the future, he says.
The software choices you make today “should be able to grow and evolve in the face of upcoming changes over the next one, three, or five years,’’ Porter says. “Also, understand that you’re not merely investing in a software package but in the company behind it. Are they agile and forward-looking? If the answer is no, you may pick something safe and probably not future-proofed for the change.”
As a technologist, the CIO has the unique opportunity to envision the future. “This vision doesn’t have to revolve solely around incremental improvements; it can take a bold, innovative direction. You can explore entirely new approaches to eliminate existing problems,’’ he says.
It behooves CIOs to think beyond day-to-day operations and engage in more ambitious, forward-thinking endeavors, taking advantage of the latest and most exciting technologies, Porter says.
9. Deal with technical debt now
Technical debt is like the tax man: Sooner or later you’re going to have to pay it, notes Brasseley. “Technical debt can start slow — so slow, in fact, that it’s easy to defer addressing it to the next sprint.”
But then one day, you realize you can no longer innovate as well or release as fast because it’s time to pay the debt, he says. “Invest early and often in addressing your technical debt. Elevate technical debt to be a first-class citizen in all your sprint planning.”
10. Democratize — and take care of your users
The transition to cloud offerings means yielding some control to external vendors, but security, of course, remains paramount, says Porter. Robust vendor management, risk analysis, and a proactive security culture are essential when going through a third party, he says. This doesn’t mean IT can drop the ball.
“Your people can’t be afraid to raise their hands and express concerns about vulnerabilities,’’ Porter stresses. “Having a proactive security mindset and culture that encourages teams to speak up when they think there may be a problem is critical.”
In terms of choosing the right tools and vendors, user experience is a pivotal factor. The younger generation entering the workforce has grown up in the mobile era, accustomed to fast, fluid, and rich experiences on their smartphones, he says.
“The days of clunky, outdated software are over,’’ Porter says. “They demand ease of use, efficiency, and seamless functionality to accomplish their tasks quickly. The user experience is often overlooked by CIOs when, in reality, it should be at the forefront of technology decisions.”
11. Empower your staff to explore
It’s essential to recognize that it’s more than just the CTO or CIO’s responsibility to possess all the answers. “While we do have the privilege of thinking strategically about the business, every employee should share in the expectation of contributing to the business’s evolution and growth,’’ says Porter.
To foster this all-hands approach to tech advancement, all employees should be given dedicated time to reflect, brainstorm, and prototype, he advises.
“When employees are stretched to their limits, focusing solely on their daily tasks, they become limited to pulling one lever up and down rather than transforming that lever into a steering wheel,’’ Porter says. “It’s crucial to provide employees with opportunities to explore and experience new technologies.”
12. Move beyond purchase to partnership
Even with all that CIOs bring to the table, they should recognize the value of partnering with their vendors in a variety of ways.
For example, CTOs of tech vendors often have a keen sense of return on investment and cost optimization that CIOs can learn from, Kowsari says. “CIOs can adopt these principles to make data-driven decisions regarding technology investments and maximize the value delivered by IT projects.”
Keeney is seeing more organizations turning to trusted vendors to accelerate their digital transformation journeys. “This shift in dynamic is intriguing, as insurers increasingly rely on technology vendors for operational performance, system observability, and increased quality and speed of delivery,’’ she says. “They will spend more time understanding customer data, which should fuel the fast-tracking of the development of new insurance products and growth with a focus on personalization and increasing customer retention.”
CIOs often overlook the opportunity to cultivate vendor relationships, yet it’s something they should consider, Porter says. “It’s not just a purchase or transaction; it’s a partnership. When CIOs take the time to identify the right people within specific vendors and establish long-term relationships, it can profoundly impact maximizing your value and getting the most out of those solutions. It also ensures that when challenges arise, the vendor is there in the trenches, working to resolve them.”