“Gut feel” vital for decision-making, says CIO Connect
Most CIOs are positive about the year ahead, according to networking organisation CIO Connect.
Over 70% of the UK, US and Asian CIOs surveyed by CIO Connect said they were optimistic about the business outlook for this year, but two-thirds of respondents were concerned about meeting the growing requirements for business transformation. To meet the faster pace required by the business, 53% of the CIOs believed they would need to rely more on their gut intuition to make decisions.
“What we’re saying is that the rate of change is so great, stopping the world and analysing it is not an option. 80% of business is decided on gut feel, but you have to make sure your gut feel is in line with the business. You and your team need to be immersed in the business,” said Nick Kirkland, CEO of CIO Connect.
One cloud on the horizon was identified as governance, which was viewed as a massive burden on IT’s resources and time. Views on cloud computing were split. Smaller firms in particular were ready to embrace cloud, but the business case for larger firms with an infrastructure in place were not so clear-cut.
CIO Connect outlined a series of steps to help CIOs prepare for the changing pressures, including making their company’s governance robust enough to meet regulatory requirements but flexible enough to deliver business benefits.
In essence, it was time for CIOs to get closer to the business. “To be successful, CIOs need to be seen as a peer to other business people and seen as a business leader. It’s important to understand the context in which thy are working and how the organisation might change over the next five years,” said Kirkland.