Navigating technology trends
“Did you see the article about blockchain on the paper’s home page? I think we need blockchain, too.” “We should give all our IT to an offshore system integrator—that will save a lot of money. Our competitors are doing the same thing.” “We need to do something about generative AI right away!” Many who work in IT have heard variations of these statements from well-meaning senior colleagues. And given how much technology underpins so many trends, as well as the increasing pace of innovation, IT leaders can expect to hear more of them and feel pressure to act on them. Sometimes it makes a lot of sense to act quickly on a trend. Innovation, after all, is a hallmark of successful companies. But not all trends are created equal. The annals of many IT organisations are littered with bold initiatives in trends that created a lot of excitement but not much value. Moving quickly to chase a trend often bogs an organisation down, leads to wasted spend, and takes attention away from important priorities. For this reason, the ability to evaluate trends quickly and communicate their relevance to the business is becoming a critical capability for the modern CIO. In practice, it is rarely as simple as saying “yes” or “no” to investment in a particular trend. Trends are unpredictable, change with time, and their relevance to a given business often waxes or wanes. Instead, CIOs need a clear set of parameters to rely on both for evaluating trends and for determining which posture to take for engagement with them: first mover, fast follower, slow adopter, or sometimes non-partaker. Four guides for determining a trend’s relevance Disruptive business value: The trend can result in measurable value to the business. Independence: The trend allows the organisation to work in smaller, more independent units. Connectivity: The […]