Modern IT functions follow design-thinking practices, by which they develop an in-depth understanding of users’ needs as the basis for new products and features. Such practices should interest the CEO: McKinsey research shows that they’re correlated with strong financial performance.
“The skills in highest demand among our survey respondents are teamwork (74% of respondents), leadership (70%), and communication (67%), all soft skills, followed by user experience and analytics, which are technical ones.”
“Distinct cultures have always been a hallmark of tech companies. But to scale culture, high-growth technology companies are focused on the cultural criteria that really matter, even when it means leaving some traditional practices behind.”
via Spencer Stuart
In the past 30 years, $1 put towards digital technology investment increased GDP by $20, whereas $1 put towards non-digital investment increased GDP by only $3. By 2025, nearly a quarter (24.3%) of global GDP will come from digital technologies such as artificial intelligence and cloud computing.
At Cisco’s Partner Summit in 2019, CEO Chuck Robbins said something that while apparent, does showcase the reality that the nature of the IT buyer is changing. “Never has technology been more important to customers and never have they cared less about the details of that technology.” – Chuck Robbins
via IT Connection
“Sixty-five percent of survey respondents overall said they expect their HR budgets to increase in 2020, while only 17% expect a decrease and 19% expect no change. The survey received responses from 373 HR leaders of director level and above globally.”