There are plenty of places to spend IT money these days, but wherever you’re putting it, make sure you’re keeping one eye on the future.
That’s the message from Maziar Adl, CTO and co-founder of Gocious, who spoke with StrategicCIO360 about the best places to spend, digital transformation and how to integrate new automation and software techniques.
Where should CIOs and IT leaders invest in 2023 and beyond?
Companies purchasing cloud-based products and moving their operations from on-prem to SaaS are big areas of focus for CIOs in 2023. With this transformative shift, companies are currently looking at how they can physically move existing on-prem systems to new technologies.
For example, an ERP system, when originally installed, is a capital-intensive project and difficult to implement. With disruptive change, like moving to the cloud, day-to-day operations begin to experience challenges. Having said that, this movement to the cloud is necessary for CIOs and IT leaders as they look to allocate budgets for years to come. Whether it’s hiring talent, retaining key team members or just being operationally effective, those that do not shift risk being at a competitive disadvantage to those that do.
What type of enterprise solution technologies should companies be focused on to help streamline communication?
Companies need open lines of communication working under a single, unified source of truth in order to react swiftly to issues and make adjustments in real-time. When data and updates are analyzed, this encourages more effective problem-solving and guarantees that the organization’s and the product’s goals are in line. Organizational communication needs to advance with technology.
As an illustration, ERP has typically concentrated on essential tasks like inventory management, accounting and HR. Now that technology is incorporating new services like product management, strategy alignment, engineering and design in conventional enterprise systems, future systems will effortlessly interact with complementary systems and traditional processes, ushering in a comprehensive strategy that helps firms better align on their long-term business objectives.
What are some of the anticipated digital transformation trends CIOs are watching and how can they plan to invest in them for the future?
CIOs are watching and investing in technology, like digital prototyping, to be ready for the years ahead. The benefits of digital transformation are long-term, but the wait is worthwhile. It’s preferable to make the switch to digital transformation sooner rather than later. In the automotive sector, creating a physical prototype of a car needs expensive parts as well as time to plan, construct and test. By switching to digital procedures, it becomes easier to reduce the substantial time and money commitments required to construct these prototypes.
How can business leaders, specifically CIOs, integrate automation and new software techniques to align with their wider business goals?
Teams handle business changes while staying committed to overall company goals by keeping an open dialogue and fostering collaboration with the use of emerging technologies, like AI, roadmaps and big data. This promotes better problem solving under a single source of truth, rich analytical insights and ensures that the objectives of the organization are all aligned. The primary concern of CIOs should be transparency. AI, road mapping and forecasting tools help cut through the confusion, streamline sustainability efforts across departments, and help teams work together more efficiently.