Chief Digital Officer (CDO) now is needed to leverage digital strategy
Chief Digital Officer’s (CDO) time is now. CIOs understand that digital is central to their business and career success. World Class CIOs are focusing on the digital footprint of their customers, products, and competitors. New competitive advantages will be based on digital operations and insights.
Digital business promises to convergence people, business, and things and will disrupt existing business models. While 75% of all CIOs and business executives say their company has a digital strategy, only 15% believe that their company has the skills and capabilities to execute on that strategy. A piecemeal strategy of bolting on digital channels or methods is no longer sufficient.
The CDO is not only a digital expert, but also a seasoned general manager
The requirement for ‘powerful digital leadership’ to drive strategy and execution is a necessity. But how many leaders really have experience in this? Is this learning on the go, or is it about having a CDO and team that has a totally digital focus.
Is there an ideal way to navigate through this journey and also connect better with industries and companies? The CIO and CDO are in excellent positions to help the enterprise decide which approach(es) it should take to manage total digitization.