- Thaddeus Arroyo, Chief Information Officer of AT&T Services, received the MIT Sloan CIO Leadership Award.
- During the morning's academic panel, Erik Brynjolfsson, co-author of The Second Machine Age, set the scene for the day saying that, "We are at an inflection point where technology continues its ever rapid pace . . . and as a result is having a profound impact on society." See the video.
- All day networking was highlighted by the 2014 Innovation Showcase and Evening Reception. Dell's Karaboutis said, "Data is the new currency in the digital world," a sentiment that Jeff Boehm observed as he visited vendors such as CloudPhysics, Cambridge Semantics, Luminoso, and RapidMiner that were showing new ways to gain insights from data.
- "Every company is now a software company," says Mendix CEO Derek Roos while summarizing the digital disruption. The issue facing every business is that the world is becoming programmable, so software is critical for customer satisfaction and brand differentiation.
- To cope with this second machine age, "culture, laws, ethics, and economics all matter. " CIOs can no longer focus on technology alone; they must work closely with business owners.
- "Fear vs. fear" has replaced "hope vs. fear." Narinder Singh, chief strategy officer for Appirio, says, "It's now fear of disruption versus fear that we can't screw something up because I don't want to get fired."
- Collective intelligence is the new frontier. Professor Thomas Malone tells us that the team's strength depends on team members having high social intelligence, as well as a willingness to have everyone participate. Andrew McAfee explained how collective intelligence is expanding to include combinations of humans and machines.
- "IT doesn't support the business; it is the business" one of many great quotes from Adriana Karaboutis, the Dell CIO. Another was when she explained how she ditched the company's IT steering committee, "I'm not a ship; I don't need to be steered."
- After the event, Sheila Lahar reported that modern CIOs are agile, customer-focused, visible, and innovative. Laura Aberle noted that CIOs need to help enterprises stay ahead of the customer empowerment curve.
- Matt Haney identified the one overarching theme to sum up the Symposium: "evolve or perish." This was the theme of the afternoon's general session about becoming the CIO of the future.
Are you looking forward to the 2015 MIT Sloan CIO Symposium?
Building Capabilities for Digital Transformation
Speakers at this year's Symposium include two of the authors of the new book, Leading Digital: Turning Technology Into Business Transformation, George Westerman and Andy McAfee. The authors have been researching companies they call "digital masters:" organizations that were not born digital, but have leveraged digital technologies to drive new levels of productivity, profit and efficiency.
Here is a video in which the authors discuss what makes a digital master and give examples of companies having success with their digital transformation. They offer advice on how to better organize for rapid digital expansion and how to gain team alignment around digital strategy. Read More
Over the next few months, I will be sharing with you more details about this year's Symposium and highlights from last year. I look forward to seeing you on May 20, 2015.
Early Bird Registration is now open; Register Today and Save!