Deloitte Tech Trends 2014 report: CIOs facing disruptive forces are reshaping how they run the business of ITDOWNLOAD
16 June 2014: According to Deloitte Australia’s Tech trends 2014 report, disruptive forces such as crowdsourcing, mobile, big data and cybersecurity are forcing Chief Information Officers (CIOs) to manage their technology portfolios similarly to how today’s leading venture capitalists do.
“The digital disruption of business models, combined with a bewildering array of consumer technologies, is challenging the way CIOs plan and finance the information technology for their organisations,” said Robert Hillard Deloitte Consulting’s Managing Partner, Technology Agenda. “Innovative CIOs are deploying venture capitalist (VC) strategies and tactics to manage their technology portfolios and these CIOs are elevating their own roles to that of a business partner and strategist.”
The report identifies how CIOs are increasingly applying the following VC strategies and tactics to adopt a ‘portfolio mindset’ while managing the business of IT:
“The traditional CIO role is about providing reliable cost-efficient technology to meet known business demands. In a rapidly changing business world, those business needs cannot be predicted in advance. The most successful CIOs need to cover more eventualities with a portfolio, like a VC, rather than a small number of big bets,” added Mr Hillard.
Copies of the Tech Trends 2014: Inspiring Disruption report is available on request. Each trend is presented in the report with multiple examples of adoption from Australia and/or overseas to show the particular trend at work. This year, we’ve added a longer-form Lesson from the front lines to each chapter to offer a detailed look at an early use case. Also, each chapter includes a personal point of view in the My take section.
NB: See our media releases and research at www.deloitte.com.au
Follow us – @DeloitteNewsAU