Tag Archives: Economy

Five ways CIOs can innovate for the business

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Getting creative in troubled economic times can be tough. So, how can CIOs prove the value of innovation? My feature for silicon.com investigates:

In the present climate, it can be hard for CIOs to shape the type of opportunities that will provide new benefits to the business. So silicon.com has canvassed the views of a group of IT experts for their suggestions. They have come up with five key ways that CIOs can continue to create new opportunities for the business.

Idea 1. Develop new partnerships and ideas - Asos.com director of IT Dan West says CIOs need to carve out opportunities to start innovating. West is leading the transformation of his IT team, so the skills of the department are designed to meet wider business objectives and to help develop creative ideas.

“That might include partnerships with universities and start-ups, or through the creation of internal events that are developed to inspire innovation,” he says. One such example is the Hackathon, a trial event created by West and his IT team to generate new business ideas.

For the rest of the feature, please click here.

As a CIO, how is your relationship with the FD?

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We’re putting the feelers out for some new research at CIO Connect. The research addresses the relationship between the finance director and CIO – if you’re an IT leader, we’d love to hear from you. Here’s the blurb:

Do you sometimes feel like you’re playing Oliver to your FD’s Mr Bumble? Or have the tough economic conditions provided an opportunity for you to work closely together on IT-driven efficiencies to help cut operational fat?

CIOs expecting budget increase in 2010 are among the lucky few. Only one third are anticipating a bigger slice of the pie, according to a recent survey by analyst group Ovum, and even then expectations are slim – an increase of between just 1% and 5%. Meanwhile, CIOs taking part in a Gartner survey at the beginning of the year said they are planning on IT budgets in 2010 mirroring 2005 levels.

The recession has left its scar and many FDs are wary the economy could bite again in the face of high unemployment and the UK debt burden. Understandably, they are reluctant to dish out more from the organisational pot. With FDs under pressure to keep finances tight, and CIOs hit with greater demands to do more with less, how does this challenging dynamic impact your working relationship?

We are carrying out a survey to discover just how the vital partnership between CIO and FD is working in the current economic climate. Click here to find out more and to participate in the survey.