“Sadin on Digital” episodes explore the fast-changing and high-stakes world of digital business. Wayne Sadin and I focus in particular on what CEOs and boards must do to lead their companies successfully into the Digital Age. Today, we discuss some of the challenges facing CIOs in 2021.
The Big Themes:
- The economy is opening up: Are you ready? Businesses are developing new ways to delight customers and the federal government is about pump more capital into the market.
- Invest in capabilities to win: Cloud, ERP/CRM, collaboration tools, networks (5G/Starlink/SD-WAN), and teleoperations (AR/robotics/low-latency networks).
- How do you budget for IT? Old: Centralized as a fixed number percentage of sales. New: Business-unit led with tech purchases seen as *business investments* rather than “IT spending.”
- The ability to move faster is a hallmark of true digital transformation: It’s far more important that CEO/CFO/BoD unshackles the IT investment process than investing in any specific thing.
The Big Quote: “So the worst outcome is we’ve got a tiger by the tail and they’re multiple tigers running off in multiple directions.”
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Cloud Wars Live Digital All-Stars
Wayne Sadin is one of our regular Digital All-Stars. The All-Stars are experts whose video podcasts will focus on the critical themes shaping (and re-shaping!) the business world here in the digital age of 2021. Our intention is to provide regular chunks of timely ideas and insights from industry veterans with diverse backgrounds.
This episode is brought to you by BMC Software.