Transformation can happen swiftly. It is evidenced by the haste with which digital touchpoints and services have expanded during the outbreak. Even as the pandemic subsides, business leaders still anticipate CIOs and their IT organizations to offer disruptive capabilities at a faster pace.
If you believe you are keeping up, reconsider. According to a recent report by Gartner, 59% of CEOs believe that digital initiatives take too long to complete and that 52% take too long to show a return on investment.
CIOs, experts, and analysts claim that there is pressure to hasten the digital transformation. According to them, the need for speed is becoming more urgent as worries about economic slowdowns and a potential recession mount.
The following five tactics can help CIOs to use to speed up the delivery of transformative initiatives and IT activities.
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1. Abandon the Legacy Mentality
For years, CIOs have been getting rid of obsolete technology. But now is the time for CIOs to do the same with their thinking.
The predicted lifetime of new technology must be shortened, as must the timespan for realizing benefits. In other words, stop thinking big and start looking for smaller, more manageable wins.
Some technological investments will have a limited lifespan. They will be created and put into action to address current demands and provide returns right away. But they will eventually have to be decommissioned.
2. Invest Fully in Agile Work Procedures
Go all-in with modern work methods, notably the agile development methodology. It will ensure IT can provide revolutionary features, functions, and services more quickly.
The majority do, in fact, use agile techniques because of the speed they can offer to business initiatives: In the 2022 State of Agile Study from DevOps platform developer digital.ai, 52% of respondents prioritized using the technique to shorten time to market.
3. Inform Your IT Team of the Key Business Drivers
The message that CIOs must support the business and its strategy has by this point spread to every CIO. Nevertheless, it’s equally crucial to keep the IT team informed about “what’s truly driving the company, what are the headwinds and tailwinds” in order to stay on top of commercial demands.
4. Spend on Modular Architecture
In addition to discussing process and people, transformation leaders often emphasize the third component of the PPT framework: technology.
More precisely, they put an emphasis on making the appropriate fundamental technology, architectural, and design investments to give their engineers the tools they need to deliver any disruptive technology the business requires as rapidly as possible.
5. Speed Up Data Access
Easy accessibility to superior-quality data is another essential element for speed. Data is used in many, if not most, revolutionary initiatives including automating procedures and customizing user experiences.
Therefore, it is crucial for CIOs to eliminate any residual data silos and create a data structure that allows quick access to relevant data. By completing that job, agile teams won’t have to stop mid-project and wait again for the data they require.
To Summarize
The pandemic has highlighted the importance of digital transformation and the need for businesses to be agile and adaptable in the face of changing circumstances. Thus, CIOs and IT organizations have a critical role to play in driving this transformation and helping their businesses stay ahead of the curve.
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