📌 Revolutionizing Sales, Marketing, Finance, and Operations. 📌 Companies must stay on top of tech developments to stay competitive.
📌 Traditional Role: - Manage IT operations. - Align IT with business strategy. 📌 Modern Role: - Lead digital transformation. - Drive business through technology.
📌Current Trends: - IT integrated into all business areas. - Strategic technology decisions drive innovation and growth.
📌 Key Issues: - Redundant IT systems. - Higher maintenance costs. - Limited compatibility. - Inconsistent user experience.
📌 Benefits: - Optimized IT environment. - Reduced maintenance costs. - Lower overheads for supplier and contract management. - Timely adoption of innovative solutions.
📌 Key Advantages: - Cost optimization through comprehensive bidding and negotiations. - Objective supplier selection. - Robust third-party risk management. - Effective contract management.
📌 Strategies: - Use own contracts with milestone- based payments. - Termination clauses to avoid penalties. - Indemnity and insurance clauses to delegate liability.
📌 CIO's Strategic Role: - Gain competitive advantage through technology. - Offer seamless customer experiences. - Drive digital adoption and transformation. - Collaborate across BUs, Finance, Procurement, and Legal.
📌 Collaboration is Key: - Efficient use of resources. - Successful digital transformation. - Strategic leadership for a competitive edge.