This article was written by Leila Shaban, Research Associate at Metis Strategy
Thank you to everyone who attended and participated in the 17th Metis Strategy Digital Symposium. Highlights from the event are below. Check out Metis Strategy’s Youtube channel and Technovation podcast in the coming weeks for recordings of each conversation.
Companies continue to make progress in their AI journeys, deploying the technology to drive efficiency, productivity and innovation. Technology leaders are focused now on driving adoption, generating buy-in for new initiatives, and rolling out new training programs to ensure teams across the enterprise are able to take advantage of what AI has to offer. Below are a few highlights from the event:
Building a foundation for AI at scale
Nearly all CIOs on stage said scalable infrastructure and high-quality, accessible data are key to driving value from AI initiatives. Over the past few years, many organizations have focused on building data platforms, shifting to cloud and rethinking ways of working in order to deliver AI at scale. “Having a really good data infrastructure is foundational to taking advantage of any of these generative AI capabilities,” Priceline CTO Marty Brodbeck said. Many speakers noted their current efforts to get reliable data into the hands of more teams across their organizations.
Nearly half of MSDS attendees said that the rapid evolution of AI, among other macro issues, will have the biggest impact on their organizations in the year ahead
Exploring new use cases
Many organizations continue to train generative AI on internal knowledge bases to streamline processes and enable more self service. CIOs also see potential around developer productivity.
Bristol Myers Squibb receives thousands of calls from physicians and nurse practitioners each day requesting information about specific, often technical, topics, Chief Digital and Technology Officer Greg Meyers said. MDs on the other side of the call often find those answers in internal documents. Now, an AI chatbot trained on the company’s knowledge base can search through the documents to retrieve answers to these questions much faster. With enough fine tuning, Meyers noted the chatbot could constrain search results to trusted documents and help agents provide near-immediate answers to customer queries.
At UPS, Chief Digital and Technology Officer Bala Subramanian recently launched an internal AI tool for email which can process the tens of thousands of customer emails UPS receives on a daily basis, connect relevant information across internal policies and procedures, and generate responses for contact center employees. This ultimately improves worker productivity and reduces response time. UPS also launched an AI chatbot to help employees answer HR questions. Subramanian noted that the company is proceeding slowly due to the sensitive information and personal data in HR systems, and emphasized the critical role of risk management and governance.
At AstraZeneca, AI is significantly reducing the amount of time it takes to conduct research. Cindy Hoots, Chief Digital and Information Officer, described a generative AI-enabled research assistant that quickly searches both internal and external data to answer complex scientific questions. The assistant has helped reduce the time it takes to conduct a literature review from months to minutes, she said. Hoots is now focused on scaling AI adoption. About 15,000 employees use the research assistant, she said, while roughly 5,000 use Copilot solutions and almost 80,000 have access to AstraZeneca’s internal ChatGPT.
At KB Home, employees evaluate a number land deals across 35 markets every week. Aggregating property data from different sources to determine whether to make an acquisition used to take 30-90 days, CIO Greg Moore said. With AI, KB Home can now complete the process in less than two weeks. The faster turnaround now enables the company to make more evaluations and manage more potential deals in the pipeline.
Developer productivity is another area of rapid experimentation. Many of the tools offered by major vendors are in their early days and have room to grow, said Brodbeck of Priceline. The team is exploring solutions that can learn from Priceline’s codebase and provide a richer and more contextual experience. Whether for code generation or another use case, Brodbeck said companies will likely need to deploy retrieval-augmented generation (RAG) to deliver more productivity.
At Augment, CEO Scott Dietzen is thinking about how to retrieve knowledge from internal codebases in a way that protects intellectual property and reduces the risk of leaking sensitive information. The team started with basic engineering tasks that can make developers more productive rather than trying to replace them altogether. Demand for these kinds of tools will last for at least a decade as organizations produce more software, Dietzen said.
The top use cases for digital assistants/copilots that are driving the most value for MSDS attendees are code generation, self-service chatbots, and enterprise search/knowledge management
Bringing the organization along on the AI journey
To drive a common understanding and widespread adoption of AI, CIOs have increased their focus on storytelling and talent development.
At Wilson Sonsini, Chief Information Officer Michael Lucas is focused on cascading AI communications across the firm. His team started with a general awareness campaign. That included employee town halls to communicate the broader strategy as well as AI-centric briefings to partners. Given the sea of media coverage about AI, Lucas encouraged leaders to develop their own elevator pitch to help their organizations clearly understand the company’s AI strategy. Driving a common understanding across the firm is key to driving adoption. “We feel like we need to learn, understand, enrich, and then apply and operationalize,” Lucas said.
At Liberty Mutual, Global Chief Information Officer Monica Caldas is delivering customized employee training and connecting it to the company’s capacity demands across 27 countries. It’s part of a workforce strategy plan called “skills to fuel our future.” First, the company surveyed more than 5,000 employees to determine their skill level around topics like data, data engineering and software engineering. Next, the company mapped over 150 skills, connected them to 18 domains, and assessed how and where to invest in training.
Now, Caldas and her team are helping employees apply that training to a variety of career paths. Instead of a traditional career development ladder, Liberty Mutual is evaluating how to map skills to different jobs and create a “jungle gym” or “lattice of opportunities.” The focus on specific skills, Caldas said, “will help you position your capabilities as a tech organization not just for today, but also plan out where it’s going.”
Education at the executive level is also critical. To bring executives along on the journey, Caldas introduced a program called Executech that helps improve organizational data literacy and elevates the digital IQ of decision makers. Enhancing teams’ tech acumen gives leaders the confidence to start conversations early about important technology topics like API integration.
AI adoption may not be uniform, and there is still lots to learn about how it will impact specific roles. At Eli Lilly, employees who have incorporated AI tools into their workflow are reluctant to give them up, said Diogo Rau, Chief Information and Digital Officer. However, widespread adoption is a continuous and sometimes challenging process, “a lot harder than anyone would guess,” Rau said.
Rau often gets more questions about the risks of AI than how it can be used to improve products and services. Another challenge is that teams excited about creating AI bots aren’t always excited about maintaining or training them. “There are lots of good firefighters, but not every firefighter wants to be a fire inspector,” he said.
62% of technology executives who attended the Metis Strategy Digital Symposium anticipate that the most significant impact that AI will have on talent is increased productivity
Leveraging ecosystem partners
Achieving the transformative potential of generative AI will require collaborating with networks of vendors, startups, peers, and academics. In addition to providing technology solutions, these ecosystem partners can help upskill employees, explore emerging challenges, and prototype new use cases.
Amir Kazmi, Chief Information and Digital Officer at WestRock, draws learnings from both established technology partners and startups. He also brings in academics and peers from other companies to share wins and lessons learned about generative AI.
Regal Rexnord’s Tim Dickson, Chief Digital and Information Officer, uses hackathons and internal events with vendor partners to increase the company’s digital IQ. The company also offers self-paced training from about 10 partners that includes pathways to certification. In the past seven months, more than 100 employees have received training on GenAI fundamentals from Databricks and robotic process automation from UiPath, as well as certifications from Microsoft Copilot. Even if employees don’t use these tools every day, increasing the number of people with technical skills means more individuals “can at least help, or even lead, these initiatives across the organization,” Dickson said.
CommScope CIO Praveen Jonnala, like many other technology executives, is thinking about how to drive a cultural shift around AI. He spends about 80% of his time on organizational change management and culture. He is also leaning into existing partnerships to take advantage of new AI solutions and educate teams. For example, he took business teams to Microsoft for a full day to learn more about the technology and its ability to unlock new business opportunities.
Thank you to everyone who attended and participated in the 13th Metis Strategy Digital Symposium. As 2023 approaches the halfway point, leaders convened to discuss the rapidly changing economic, technological and geopolitical landscape and its impact on strategy in the months ahead.
Highlights from the event are below. Stay tuned to the Metis Strategy Youtube channel and Technovation podcast in the coming weeks for recordings of individual panel discussions.
As tensions continue to escalate around the world, technology leaders must understand and prepare for new geopolitical dynamics. Jared Cohen, Co-Head of the Office of Applied Innovation and President of Global Affairs at Goldman Sachs, argued that the notion of hyperglobalization ended before the COVID pandemic and that the world now faces a reorientation of supply chains and capital flows.
Technology executives are playing close attention to changing value chains and alliances. “Technology is changing geopolitics, and geopolitics is changing technology,” said Cohen. One of the biggest areas where technology is currently influencing geopolitics is in the area of generative AI, which Cohen dubbed as the “most disruptive experiment in anarchy” since the internet. He warned about the risk of people deploying large language models for “bad use cases” to cause real problems in international systems. While there is significant discussion around which companies have superior large language models, he noted a desire for the conversation to focus more on the implications of generative AI for the world.
George Lee, another Co-Head of the Applied Innovation Office at Goldman Sachs, said generative AI is dominating discussions with boards and management teams around the world. While its rapid growth offers many fascinating possibilities, it has also disturbed the human desire for order and linearity. Lee noted how creators are being constantly surprised as the emerging technology develops. “Anyone who tells you they know where this is going, how fast it’s going, and what our destination is, is just wrong.”
While conversations around generative AI have taken the world by storm, technology leaders today play a key role in translating the hype into reality. That means not only vetting new use cases for the technology, but also educating their teams about the benefits and risks of generative AI and creating policies that encourage innovation while ensuring responsible use.
“It takes courage to take a step back and say, maybe let’s not fall into the hype, let’s go about this in a methodical way,” said Digi-Key Electronics CIO Ramesh Babu. Babu created a community of practice around AI that includes stakeholders from across the organization and a list of key terms with consistent definitions to keep everyone on the same page. He also created a network of influencers within the company that serve as “education ambassadors” for the organization.
Allen Smith, CIO at Baker Tilly, recommended leaders approach generative AI like they would any other technology. “There is a difference between home runs and singles. Singles in this case are your front. Go do something, show it, have a tangible example,” he said. “Now, it can be used to fuel the really good ideas.” He also expressed concerns about the security and privacy risks that generative AI poses, noting the dangers that may arise from inputting sensitive data into services like ChatGPT and the need to identify and mitigate potential bias.
As companies continue to navigate an increasingly complex and competitive landscape alongside shifting customer demands, innovation will be a key source of differentiation for industry leaders. Many organizations find that design thinking frameworks help to formulate the strategy and direction that will help ensure they can harness that innovation effectively.
Michael Newcity, Chief Innovation Officer at ArcBest and President of ArcBest Technologies, highlighted the importance of empathy and deep listening to uncover unsaid user needs. To advance design thinking, Newcity has sponsors responsible for thinking through ROI, teams, timing, and other tactical factors that will help gain executive sponsorship and drive innovation initiatives forward.
Rob Krugman, Chief Digital Officer at Broadridge Financial Solutions, discussed the importance of understanding the value proposition for their customers’ customers, then working backwards to deliver value for Broadridge clients. “If we can solve the needs of that end customer, our client’s customer, the likelihood of us being correct is more likely than not,” he said. Across the ecosystem, “we’re all generating value, and we have a much better understanding of how to actually present and tell that story around value.” His team also works with the VC community to stay on top of emerging technologies and asks hypothetical questions to try and understand their impact on Broadridge.
Krugman laid out two different types of innovation: sustainable innovation, led by the product organization, and disruptive innovation. The key to both: “iteration, iteration, iteration, all based on validation.”
No matter the scope of a change initiative, whether adopting an emerging technology or implementing agile ways of working, leaders must act as role models for change within their companies and drive cultural transformation from the top down.
Hyatt Hotel Corporation’s CIO Eben Hewitt, who is working to nurture a product mindset and drive enterprise-wide behavior change, said engagement starts with the CEO and executive board. “When you see a boss acting that way, then you act that way,” he said. “You have to model it.” Hyatt also uses a “people playbook” to easily guide teams to resources they need for specific use cases, and Hewitt has encouraged the development of high-level cultural principles that inform behaviors throughout the organization.
Ultimately, culture is the most important driver of any organizational change. While many are familiar with Peter Drucker’s quote,“culture eats strategy for breakfast,” Ascension Chief Digital Officer Rajan Mohan added that “culture eats transformation for lunch.” At Ascension, Mohan has helped lead a transformation that includes a digital product orientation, end-to-end accountability and a focus on Ascension’s mission to reach underserved communities. With that shift has come a new mindset, as well as metrics that are more closely tied to business outcomes. “We’re not just measuring for measurement’s sake,” he said. “It is to demonstrate and deliver continuous value.”
Kathy Kay, CIO at Principal Financial Group, said driving cultural change requires leaders first and foremost to be their authentic selves. That includes a willingness to be vulnerable. “If you can’t show vulnerability…I think it sets a tone for people feeling less open,” she said. In addition to bringing that openness to her role, she works with peers at Principal to ensure leaders are giving teams necessary support, removing blockers, and helping them understand how their contributions matter. Kay also discussed the importance of adapting communications to local norms, particularly when working with teams across the globe.
Building a high-performance culture is of course linked to finding and developing the best talent. World Fuel Services CIO Josh McLean said some of the best people typically look for three things in their work: aspirational goals that give a sense of purpose; challenging work that helps them learn and grow; and being surrounded by other highly talented people. “I try to make sure those things are all present and in harmony, or a work in progress to get there.”
Thank you to everyone who attended and participated in the 12th Metis Strategy Digital Symposium. As access to AI and other technologies becomes increasingly ubiquitous, CIOs and their peers are working closer than ever with peers across the organization to develop technology-led products and services. Leaders continue to explore emerging technologies like ChatGPT while connecting digital initiatives to clear and measurable business value. Amid a backdrop of cybersecurity challenges and economic uncertainty, leaders remain focused on developing both new and existing talent and leveraging analytics to better serve customers.
Highlights from the event are below. Stay tuned to the Metis Strategy Youtube channel and Technovation podcast in the coming weeks for recordings of individual panel discussions. In the meantime, click here to request an invitation for our next virtual event on May 11, 2023.
Among the discussion topics at February’s Digital Symposium:
Working backward from the customer and proving the value of technology investmentsTechnology leaders balance a portfolio of priorities and initiatives that have the potential to transform their companies. As artificial intelligence and other technologies evolve, executives are finding use cases that deliver value quickly in order to build momentum and secure long-term technology investment.
At clothing company Levi Strauss & Co., Chief Global Strategy & Artificial Intelligence Officer Katia Walsh sees cutting-edge technology as a way to maintain a competitive advantage. The starting point for any AI investment, Walsh said, is improving the customer experience. “If customers do not feel the impact of investment in AI, then it’s not worth doing.” After defining a strategy for AI, she noted that leaders must simultaneously establish the people, process, data, and technology building blocks necessary to execute on that strategy while delivering tangible business value. “It is absolutely essential that anyone embarking on this today delivers value immediately.”
Doing so requires engineers and others in IT to develop a strong business understanding, an increased commitment to customers, and a focus on business outcomes. To drive what he calls the biggest cultural shift at the organization, Goldman Sachs CIO Marco Argenti has implemented practices that require teams to work backwards from the customer when developing new solutions, thinking from both a technology and a product management standpoint to better understand what customers want. “The trick is to measure technology with business KPIs, because at the end of the day it’s all about outcomes,” Argenti said.
Upskilling talent and diversifying employee skill sets
As organizations continue to navigate ongoing social, economic, and geopolitical changes, technology leaders are seeking new opportunities to supercharge their talent strategies and prepare teams for whatever lies ahead. TIAA’s Chief Information and Client Services Officer, Sastry Durvasula, underscored the need to provide cross-functional opportunities for people to apply their strengths across the business while learning new technical and leadership skills. Durvasula launched internal gigs where employees can “major” in their current role, like analytics, and “minor” in a different role, such as cybersecurity. Giving individuals exposure to multiple fields creates a more skilled and flexible talent base and better prepares both individuals and the organization for the future.
As Oshkosh Corporation continued to enhance its data-rich culture, CIO Anupam Khare recognized the critical role talent would play in ensuring a successful pivot. However, like many other technology organizations, Khare had to contend with a shortage of data science talent. He decided to take a homegrown approach, identifying opportunities to develop internal talent within the organization. He recalled a member of Oshkosh’s legal team who was passionate about data, went through training, and is now one of the best data scientists at Oshkosh. Khare also brought data science education to the leadership level and received support from the CEO around creating digitally savvy leaders.
Exploring the potential use cases and threats of ChatGPT and generative AI
Over the past several months, ChatGPT has taken the world by storm, amassing millions of users globally and sparking conversations about how this new phase of generative AI can be used to unlock new business opportunities and create new products and services. It also means the demand for AI applications is growing significantly outside the IT department. George Brady, CIO at loanDepot, said loan officers are “experimenting like crazy with ChatGPT,” using the service to lower barriers for first-time homebuyers and provide more education to customers before they have their first conversation with a mortgage officer, thereby driving better engagement, decisions, and outcomes.
At the same time, this next phase of AI may present a number of risks. “A lot of us are in a position where we can’t get too excited about the positive applications [of ChatGPT] and have to think about guardrails so that bad actors don’t use this technology to cause harm to our companies,” Fannie Mae CIO Ramon Richards said. By putting appropriate guardrails in place, monitoring advancements, and leveraging those advancements safely, Richards is helping to protect the organization while positioning it to take advantage of this emerging technology as it evolves.
Aligning with business partners and strategies
Truly transforming an enterprise requires tight alignment across different organizations to advance business and technology strategies in parallel. Technology leaders play a key role in making connections across teams and using technology tools and new processes to enable business partners.
At Vulcan Materials Company, CIO Krzysztof Soltan is refreshing the company’s data strategy by tying it to the corporate business strategy and connecting it to each business function. By making real-time data accessible and available across the business, Soltan is able to better support Vulcan’s business processes and make more informed strategic decisions. As the needs and desired outcomes of the business change, so too will the data strategy and its success measures.
As Cardinal Health went through a reorganization, CIO Michelle Greene took the opportunity to drive “enterprise thinking” and solidify the organizational change by establishing key roles specifically focused on alignment with the business and its needs. The tight alignment has blurred the traditional lines between technology teams and others in the organization. “When sitting in a room, you might not be able to know who’s business and who’s IT,” she said.
Exploring continued opportunities for professional growth
Technology’s expanding influence across the enterprise is enabling leaders to gain new responsibilities and avenues for professional development that may have not been on their roadmap.
At Cenlar, Rob Lux first held the CIO role before transitioning to the COO role when the former COO departed. He then took on the co-CEO role when the company’s CEO retired earlier than expected. “I’m an accidental COO,” said Lux. “It wasn’t part of my career or succession plan.” He explained that the path from CIO to COO can work because CIOs are one of the few C-suite positions that are able to see across the breadth of the organization. For those that want to move beyond the CIO role, Lux advised getting out of the comfort zone and taking risks, even if just for a period of time. “Don’t be accidental like me,” he said. “Build a career plan so you’re prepared.”
Meanwhile, Intercontinental Exchange Inc.’s Mark Wassersug went through a number of title changes himself, most recently from COO to “accidental CIO.” Through these roles, Wassersug was able to oversee a number of successful acquisitions and ensure early communication, bringing corporate tools together, and solidifying culture throughout the organization. The CIO and COO roles have been particularly useful when overseeing mergers and acquisitions, allowing Wassersug to not only bring the required tools and technologies together, but also to ensure smooth transitions by being transparent about changes and strengthen the culture by having expertised colleagues work side by side with new colleagues across the organization.
Wassersug also discussed the importance of developing a relationship with the company’s board, and finding opportunities to educate on foundational technology and operations. By doing this quarterly, “there was a much deeper understanding during board meetings [that] made conversations much more meaningful and productive.”
Thank you to all who attended the 11th Metis Strategy Digital Symposium. As we enter 2023, many organizations are seeking faster pathways to growth and opportunities to boost resilience in anticipation of economic headwinds. Nearly 60% of attendees noted rising inflation and interest rates as the macro issue that will have the biggest impact on their organizations in the year ahead.
Modernization efforts remain a priority as companies seek to drive efficiencies and revenue growth. Chief Information Officers and their peers are also strengthening relationships with business partners as digital technologies play an increasingly greater role in product development, operations, and customer experience.
Below are highlights from the event. Stay tuned to the Metis Strategy YouTube channel and Technovation podcast in the coming weeks for recordings of individual panel discussions. In the meantime, click here to request an invitation for our next virtual event on February 16, 2023.
Poll: Which macro issue do you anticipate will have the biggest impact on your organization in the year ahead?
In preparation for the year ahead, technology leaders noted they are:
As economic pressures add potential challenges to organizations across industries, technology leaders are deepening relationships with business partners to deliver tangible value quickly.
At Magna International, Chief Digital and Information Officer Boris Shulkin is focusing his efforts on identifying use cases and partnering with business teams on execution, adding that “credit can be shared when things go well.” Shulkin noted that his role is rising in importance as cybersecurity and operational efficiency become more critical to the bottom line of the company’s manufacturing facilities.
At supermarket chain Giant Eagle, CIO Kirk Ball brings front line workers into the product development process from the start to ensure it aligns with their needs. Spending time in the shoes of end-users helps eliminate friction and provide them with the necessary tools, data, and capabilities to do their jobs. He also continues to engage with peers and business partners across Giant Eagle on the company’s transformation efforts, which will be executed over the next three to five years. “It’s not my strategy, it’s our strategy,” he said.
The increased collaboration with teams outside IT underscores the need for more customer- and business-centric thinking. Jennifer Hartsock, Chief Information and Digital Officer at Cargill, emphasized the need to think as a business leader first and a technology leader second, working alongside peers to understand the business context, develop strong relationships, and focus on solutions that truly serve the broader organization. “Sometimes we’re not prepared to truly understand what we’re trying to enable,” Hartsock said. She encouraged other leaders to lean into tough conversations, make tradeoffs where necessary, and meet others where they are so that their voices are heard and strategy creation becomes a “together conversation.”
As technology and digital leaders continue to lead cross-functional initiatives, they’re proactively looking at new technologies to create new opportunities and address existing challenges. At Tractor Supply Co., one area Chief Technology, Digital Commerce, and Strategy Officer Rob Mills is focusing his efforts is M&A. At the table with C-suite peers, his purview allows him to articulate not only how to integrate a particular acquisition, but also the impact it will have on the company’s technology platform and architecture years down the road. That strategic focus opens new conversations about how the technology organization can best adapt to ensure any M&A activity has the needed processes and technologies behind it to drive long-term opportunities.
While companies continue to build out internal products and services that support the customized needs of their business, some MSDS speakers have taken the opportunity to commercialize their offerings to customers, using technology as a means to connect to partner ecosystems. At Pilot Company, Chief Technology Officer Michael Rodgers developed a cloud- and API-first strategy that focuses on utility, functionality, and efficiency for drivers and team members. The company has built a platform that allows the company to expose those APIs to other trucking companies. This approach allows Pilot to embed its technology directly into apps like GasBuddy, giving drivers using the app the ability to engage seamlessly with Pilot’s services.
Meta’s rebrand as enterprise engineering meant embracing two broad mindsets: understanding and incorporating internal employees into product building, and making a fundamental shift to a “build” culture that can provide customers with custom tools, technologies, and platforms needed to do their jobs in the most effective and efficient way possible, CIO Atish Banerjea said. “You’re essentially going away from a mindset where your engineers are just taking in a third-party system and configuring it.” Building tools for internal users has also influenced development of commercial products. One product designed to make onboarding information accessible to new Meta employees ultimately became part of the company’s Workplace offering for external customers.
At Toptal, the world’s largest remote working company, CEO and Co-Founder Taso Du Val spoke to the benefits of building platforms, paired with robust data and information architecture, to drive greater agility. Since Toptal built and owns all parts of its customized software platform, it is able to create synergies, scale processes, and make changes more quickly. On the flipside, the customized nature of those internal systems makes it unlikely those technologies could become a commercial product.
At XPO, CIO-turned-CEO Mario Harik is driving a strategy focused on growth and using technology to better serve customers, help goods move through the supply chain, operate more productively, and efficiently expand margins. As XPO grows, there has been more of a focus on financial outcomes and tech stacks contributing to company expansion.
During his time as CIO, Harik learned to prioritize the commercial outcomes of technology solutions, and emphasized the importance of financial acumen. “Knowing the impact on the top line and the bottom line is essential for investments and getting expected outcomes,” Harik said. As MSDS attendees contemplate an expanded role in the C-suite, they are looking to sharpen customer centricity and financial acumen.
Poll: As you contemplate an expanded C-suite role, which skill or focus area are you most looking to sharpen?
Kelly Kent, Chief Transformation Officer at ServiceNow, said her work with a number of organizations on their transformation efforts is surfacing new conversations around metrics. While productivity is still top of mind in any transformation initiative, companies now are asking about the best ways to measure customer and employee experience, as well as measure revenue impact from digital channels. The ability to track and manage those metrics, both financial and not, will be key for CIOs as they look to move at scale and with speed for their companies in 2023.
Today’s emerging technologies are tomorrow’s big disruptors. To make organizations more nimble, technology executives are focused on creating more opportunities for innovation and improving test-and-learn processes. Gail Evans, Chief Digital and Technology Officer for Disney Parks, Experiences, and Products, first listens to customers, cast members and others to better understand the outcomes to chase. She encourages teams to “test before you invest” – to pause and think about what to test, assess the cost of building, and fully consider the value that a new solution would deliver to an end user before investing heavily in a new initiative.
Evans encouraged other executives seeking to expand innovation efforts to pay close attention to and understand mega-trends, have a game plan for responding to major technology and business disruptors, and ensure innovation is open to everyone at the company rather than just one person or one team. “Every employee that is in your company innovates something.”
Poll: How much of your IT budget is currently allocated toward ‘grow/transform’ activities?
At Little Caesars, CIO Anita Klopfenstein helps operationalize innovation through “Area 51,” a group that comes up with a number of potential solutions that haven’t gone into production, such as efforts to reduce waste or automate production lines. Key success metrics are tied to each initiative. If something shows promise, teams will build a prototype and roll it out with a franchisee that is open to new technology. They will develop the technology and measure progress until it reaches the desired success metrics before gradually rolling out successful initiatives systemwide. To drive innovative thinking, Klopfenstein encourages members of the IT team to work in stores a few times a year to understand how the technologies they have built impact everyday workflows. “There have been several cases where just moving a button from one side of the screen to another…really impacted the operations of the store.”
Our next Digital Symposium is just around the corner. Join us on December 13 as industry leaders and technology executives share how they are leading their teams through uncertain times and discuss the trends shaping the year ahead.
CIOs and other technology leaders, register here to reserve your spot today, and stay tuned here for agenda updates. We look forward to seeing you!
(Click here for highlights from our most recent Digital Symposium, and stay tuned to our YouTube channel for videos of our panel discussions.)
12:00 – 12:05 p.m.
Welcome and Introductions
Welcome and introduction to the Metis Strategy team.
Peter High, President, Metis Strategy
12:05 – 12:30 p.m.
Establishing the Foundation for a Modern Enterprise
Boris Shulkin, Chief Digital & Information Officer, Magna International
Michael Rodgers, Chief Technology Officer, Pilot Company
Moderated by Steven Norton; Co-Head Executive Networks, Research, and Media; Metis Strategy
12:30 – 12:55 p.m.
Mastering the Human Side of Digital Transformation
Rob Mills, Chief Technology, Digital Commerce, and Strategy Officer, Tractor Supply Co.
Jennifer Hartsock, Chief Information & Digital Officer, Cargill
Moderated by Michael Bertha, Vice President & Central Office Lead, Metis Strategy
12:55 – 1:20 p.m.
Crafting Connected Digital Experiences for Customers and Employees
Atish Banerjea, Chief Information Officer, Meta
Gail Evans; Chief Digital & Technology Officer; Disney Parks, Experiences, and Products
Moderated by Chris Davis, Partner & West Coast Office Lead, Metis Strategy
1:20 – 1:35 p.m.
Leading Transformation: A Conversation with Chief Transformation Officer Kelly Kent
Kelly Kent, Chief Transformation Officer, ServiceNow
Moderated by Peter High, President, Metis Strategy
1:35 – 1:50 p.m.
CIO to CEO: Fireside Chat with Mario Harik
Mario Harik, CEO, XPO
1:50 – 2:05 p.m.
Entrepreneur Spotlight: Taso Du Val, Toptal
Taso Du Val, Co-Founder & CEO, Toptal
2:05 – 2:30 p.m.
Optimizing Value Delivery through Digital and Technology Capabilities
Anita Klopfenstein, Chief Information Officer, Little Caesars
Kirk Ball, Chief Information Officer, Giant Eagle
Moderated by Alex Kraus, Partner & East Coast Office Lead, Metis Strategy
2:30 – 2:40 p.m.
Closing remarks and adjourn
Click here for highlights from our last Digital Symposium, or view the panel discussions on YouTube. We look forward to seeing you!
Thank you to all who attended the 10th Metis Strategy Digital Symposium. Across conversations, leaders emphasized the need for foundational data and analytics capabilities to prepare their organizations for growth. Whether modernizing systems, designing new operating models, or upskilling teams for the future, an organization’s ability to appropriately harness the information assets available continues to be a key source of competitive advantage. Below are highlights from the event. Stay tuned to the Metis Strategy YouTube channel and Technovation podcast in the coming weeks for full recordings of individual panel discussions. In the meantime, click here to request an invitation for our next virtual event on December 13, 2022.
To prepare employees for jobs of the future, technology leaders are focusing on upskilling and development initiatives that teach employees the latest technology skills while providing a clear path for professional growth. The most in-demand skill today: “data, data, data,” said Udacity CEO Gabe Dalporto. ”Every part of every organization needs better data skills.” That means not only equipping data scientists and IT teams with the latest skills, but also ensuring data literacy across marketing, compliance, cybersecurity, and beyond.
It isn’t enough to only provide training, however. Dalporto noted that attrition can actually increase if reskilling programs aren’t directly linked to individuals’ jobs and career paths. The message resonated with attendees, 44% of whom noted career pathing and other growth opportunities as focus areas within their upskilling initiatives.
Pearson CIO Marykay Wells reiterated the importance of creating an environment that encourages continuous development. Pearson offers weekly learning hours and a range of certifications employees can pursue to help spark new ideas and creative thinking. The company is also leaning into greater job mobility, encouraging team members to apply their learnings across the organization.
A strong foundation in data and analytics paves the way for new innovations. As organizations modernize enterprise data platforms and gain access to consistently reliable information, they are finding new ways to use emerging technologies to improve processes and services.
At Boeing, data is embedded across the enterprise and serves as a source of growth and resilience, CIO and SVP of IT & Data Analytics Susan Doniz said. Data-driven insights give the company a greater understanding of supplier networks, assist with product planning, and drive sustainability initiatives. Boeing is using emerging technologies like digital twins and the metaverse to drive product precision, building airplanes thousands of times digitally before creating the physical plane. Boeing also combines its own information with weather data and other external sources to drive additional value. “The value of data is not just data by itself, it’s how you combine data with external data,” Doniz said.
Emerging technologies have also shown promise in driving enterprise sustainability efforts. As Chevron Chief Digital Officer Frank Cassulo prepares for the transition to a lower carbon world and more renewable energy sources, he is advancing the deployment of industrial IoT, edge-based sensors, and real-time monitoring to improve the efficiency, reliability, and safety of the energy system. “We believe the intersection of technology and the energy transition is defining the rate at which we advance,” he said. Last year, the company launched Chevron New Energies to identify new technology opportunities and business models to deliver a lower carbon future.
Technology leaders are embracing more data-driven decision making processes and rethinking how to measure the success of digital products and services.
For example, every Monday morning, Vinod Bidarkoppa, SVP at Walmart and Chief Technology Officer at Sam’s Club, meets with the executive leadership team to discuss the Net Promoter Score of critical member and associate journeys from the prior week. Those metrics inform how the organization operates and focuses their efforts week to week. “Because there is data behind it, people can answer in a very data- driven way,” Bidarkoppa said. “It makes it a very rich conversation and it’s not just an opinion.”
Enterprises are also expressing a growing desire for reliable cybersecurity metrics. Orion Hindawi, Co-Founder and CEO at Tanium, detailed how the company is helping customers understand how their progress on particular KPIs compares to others in their industry. That data allows customers to better see where they have adequate protection or gaps that need filling.
Data-enabled products are also unlocking new efficiencies. Ameren Chief Digital Information Officer Bhavani Amirthalingam noted that putting more data into customers’ hands gives them more choice and control in managing their energy consumption. Greater accessibility to data also gives Ameren the ability to effectively track and reduce energy consumption in the data center and among key suppliers.
As Pearson offers a broader range of digital education products, it is placing additional focus on metrics such as time to value (the time between a student enrolling and actually starting a course), as well as internal productivity metrics to guide process improvements for engineers. “We are thinking about ways we can use data to improve experience and value,” Wells said.
In an increasingly complex economic and geopolitical climate, digital leaders are among those re-examining global talent footprints and seeking opportunities to streamline or automate existing processes. More than half of MSDS respondents noted that they are bringing on more full-time employees across geographies and exploring new locations for talent.
Denton’s, the largest law firm in the world, has grown from 3,500 employees 10 years ago to 20,000 employees around the world today through robust M&A activity. Over the years, each entity retained IT teams, structures, and systems. As cloud computing adoption expanded and cybersecurity concerns became paramount, especially for clients, Global CIO Ash Banerjee and his team are transforming and unifying the technology function, progressing the firm’s growth and integration strategies while seeking to balance local and global needs.
Anil Bhatt, Global CIO at Elevance Health (formerly known as Anthem) works to make sure that his global product team and engineer teams have the capabilities they need to meet business needs. At the same time, he’s focused on making sure team members are taking care of themselves. Bhatt’s team led two employee-focused transformations and introduced more flexibility and recognition. “As you take care of associates and employees, it changes how they look at company,” he said.
As the security and privacy landscape grows more complex, technology leaders must balance global rules and standards with country- or region-specific regulations. Kevin Stine, Chief of the Applied Cybersecurity Division for NIST’s Information Technology Laboratory (ITL), has been encouraged by an uptick of international governments and businesses adopting and engaging with the NIST framework. He notes this global alignment of standards as a critical step to aligning key cybersecurity outcomes and avoiding duplication or conflicting expectations.
As data-based decision making and digital tools pervade modern business, technology leaders are modernizing organizational architectures to help their companies more directly tie technology initiatives to business growth. At retailer Dollar General, CIO Carman Wenkoff prioritized people and processes in the modernization journey. After evaluating organizational structures and existing ways of working, the company grouped 105 technology domains into categories and assigned domain leaders to define and implement a future vision. The new structure is helping the retailer define new ways of working and find new ways to serve customers.
The prevalence of technology is putting more leaders on the path from CIO to CEO, COO, and other business leadership roles in the C-suite. Chandra Dhandapani; Chief Executive Officer for Global Workplace Solutions at real estate firm CBRE advised technology leaders wishing to ascend to other roles to stay closely aligned with business leaders, invest in technology closely aligned with business strategy, move fast, and care about customer experience. She encouraged leaders to take an outside-in perspective and “internalize being business leaders first who happen to have expertise in technology.” Dhandapani believes that CIOs are well positioned to take on additional leadership roles as they understand their organization’s data strengths and weaknesses and know how to use data to develop key insights.
Our next Digital Symposium is just around the corner. Join us on September 8 as industry leaders and technology executives share their perspectives on fostering innovative cultures, innovating during dynamic times, and creating new digital pathways to reach customers, among other topics.
CIOs and other technology leaders, register here to reserve your spot today. We look forward to seeing you!
12:00 – 12:10 p.m.
12:10 – 12:25 p.m.
Fireside Chat: Gabe Dalporto, Chief Executive Officer, Udacity
Gabe Dalporto, Chief Executive Officer, Udacity
12:25 – 12:50 p.m.
Data & Analytics as a Source of Resilience and Growth
Vinod Bidarkoppa; SVP, Walmart; Chief Technology Officer, Sam’s Club
Susan Doniz, Chief Information Officer and SVP of IT & Data Analytics, Boeing
12:50 – 1:05 p.m.
Entrepreneur Spotlight: Orion Hindawi, Co-Founder & CEO, Tanium
Orion Hindawi, Co-Founder & CEO, Tanium
1:05 – 1:20 p.m.
Fireside Chat: Chandra Dhandapani; Chief Executive Officer, Global Workplace Solutions; CBRE
Chandra Dhandapani; Chief Executive Officer, Global Workplace Solutions; CBRE
Fireside Chat: Kevin Stine, National Institute of Standards and Technology (NIST)
Kevin Stine, Chief of the Applied Cybersecurity Division, NIST’s Information Technology Laboratory (ITL)
1:35 – 2:00 p.m.
Transforming a Global IT Operating Model
Ash Banerjee, Global Chief Information Officer, Dentons
Anil Bhatt, Global Chief Information Officer, Elevance Health
2:00 – 2:25 p.m.
Creating Innovative Sustainable Business Models
Frank Cassulo, Chief Digital Officer, Chevron
Bhavani Amirthalingam, Chief Digital Information Officer, Ameren
2:25 – 2:50 p.m.
Driving Strategic IT Modernization Efforts
Marykay Wells, Chief Information Officer, Pearson
Carman Wenkoff, Chief Information Officer, Dollar General
2:50 – 3:00 p.m.
Thanks to all who attended the Metis Strategy Digital Symposium. Amid a backdrop of economic and geopolitical uncertainty, technology leaders highlighted the need for increased agility as their organizations implement new ways of working and develop technology-led business models. Collaborating more than ever with peers in the C-suite, CIOs today are using data and digital tools to deliver continuous value to customers and to evolve product and service offerings as customer needs and expectations change.
Below are highlights from the event. Stay tuned to the Metis Strategy YouTube channel and Technovation podcast in the coming weeks for full recordings of individual panel discussions.
Technology becomes key to understanding the customer journey
At our February event, attendees noted that customer centricity has been the biggest driver of impact and performance at their organizations. That trend continues as new technology-led business models create opportunities for organizations to better understand customer journeys and deliver continuous value. Mamatha Chamarthi, Head of Software Business and Product Management P&L at Stellantis, explained how the automotive industry’s shift to software-defined vehicles has given the organization a chance to understand the customer journey from pre-sale to ownership while providing opportunities to deliver on-demand features and continuous updates past the point of a vehicle’s production. By transitioning the business model from a one-time purchase to a services and subscription model, Chamarthi’s team is able to generate a recurring revenue stream and deliver continuous, personalized value to customers.
Ather Williams, EVP and Head of Strategy, Digital, and Innovation at Wells Fargo, is navigating a massive change in the financial services industry as customers increasingly adopt digital and mobile platforms and seek new experiences in how they manage their finances. That has driven a mindset shift internally as leaders place greater emphasis on customer journeys.
In an age where customers have higher expectations about their digital experiences than ever before, organizations must adopt an agile mindset so that they can evolve with their customers and take a customer-focused view of value delivery, said Prakash Kota, CIO at Autodesk. Technology teams increasingly look at problems with a customer lens rather than an engineering lens, thinking about where there are opportunities to remove friction.
Training programs aim to build skills, foster new mindsets
To remain competitive in the product-oriented digital future, companies will require leaders with a still-rare combination of business acumen, technology savvy, and leadership skills. To develop “bilingual experts” who are equally comfortable with business and technology and who reflexively think about how technology can be used to create new capabilities, Vipin Gupta, Chief Innovation and Digital Officer at Toyota Financial Services, established the TFS Digital Academy. The program aims not only to equip participants with needed IT skills, but also to embrace a product mindset and think about the how the company’s financial services capabilities can be continually assembled and improved.
While fostering a digital mindset is essential, so is ensuring teams have the necessary skills to take advantage of new technologies. This remains a challenge. More than 35% of attendees said a lack of needed skills was the biggest challenge to adopting cloud, for example. To address the skills shortage and foster a market for new talent, Google Cloud CEO Thomas Kurian noted that the company has committed to train 40 million developers with hands-on skills training and certification opportunities.
Leaders take an ecosystem approach to innovation
Gone are the days in which corporate innovation happened in a silo. Today, the ability to innovate is an enterprise-wide imperative, and leaders are eager to explore the ways in which technology can deliver new and surprising value. Technology leaders play the role of strategic influencer in this new innovation ecosystem, identifying new opportunities, engaging colleagues and partners, and aligning innovation activities with the broader corporate strategy.
At Land O’Lakes, Chief Technology Officer Teddy Bekele is creating a “farm-to-fork” innovation ecosystem. By using technology as a backbone to achieve the company’s mission to feed a growing population, Bekele seeks opportunities to “excite the value chain” and develop ideas that can positively impact stakeholders across the business. “If technology isn’t driving value in the business, we’re just a cost center,” Bekele said. At Land O’Lakes, technology is now the center of the business, and product teams are focused on delivering tangible impact.
Innovation has allowed technology leaders to gain more strategic influence in the C-suite as well. At Thermo Fisher, Chief Information Officer Ryan Snyder works closely with the company’s CEO and the Chief Strategy Officer to make sure initiatives his team are passionate about get woven into the company’s strategy. Innovation needs to be “super connected to strategy being set by company leadership,” he said, and the approach to innovation must be aligned with where the company is heading.
Economic and geopolitical upheaval sharpen focus on resilience, risk reduction
Facing economic challenges, geopolitical uncertainty, and ongoing supply chain constraints, companies are turning to technology to drive operational efficiency, reduce risk, and build resilience across the organization. CIOs across industries noted that they are digitizing supply chain operations for greater visibility, leveraging analytics to better understand customers, and re-evaluating global talent footprints.
In a poll, more than half of attendees noted they are exploring new locations for talent both domestically and abroad, and nearly 30% said they were outsourcing more talent to locations where their organizations have an existing presence. Chris Drumgoole, Chief Operating Officer at DXC Technology, said the company is discussing ways to reduce single-country risk and has placed increasing focus on resilience across operations.
“Operationalizing culture” becomes a competitive advantage
As technology leaders take on expanded roles in the C-suite, tangible value delivery and operational excellence take on even greater importance. Jeff Smith, Chief Operating Officer at World Fuel Services, remarked that the only unique attribute about a company is its culture, and that competitive advantage can be gained by learning how to operationalize it. To achieve this, Smith’s team defined 30 cultural practices, the majority of which could be scaled globally. He created measurements for both operations and leadership, conducted leadership maturity assessments, and even created a “Bureaucracy Mass Index” showing the ratio of leaders and managers to “doers.”
Chris Drumgoole of DXC noted the increased adoption of more customer-focused metrics over traditional IT metrics in order to better understand the customer experience. The company sends a Net Promoter Score survey out each month that creates a regular flow of feedback and data. He and Smith both underscored the need for clear-eyed, tangible metrics – that which gets measured gets done – and to embrace opportunities for continuous improvement.
Our next Digital Symposium is just around the corner. Join us on May 19 as industry leaders and technology executives share their perspectives on fostering innovative cultures, scaling transformation initiatives, and navigating geopolitical uncertainty, among other topics.
11:00 – 11:10 a.m.
11:10-11:30 a.m.
Conversation with former President of Mexico Vicente Fox
Pres. Vicente Fox, fmr. President, Mexico
11:30-11:50 a.m.
Building Talent for Digital Operating Models
Mamatha Chamarthi, Head of Software Business and Product Management P&L, Stellantis
Vipin Gupta, Chief Innovation and Digital Officer, Toyota Financial Services
11:50 a.m. – 12:05 p.m.
Entrepreneur Spotlight: Adyen
Pieter van der Does, CEO, Adyen
Kamran Zaki, COO, Adyen
12:05 – 12:20 p.m.
Fireside Chat: Thomas Kurian, Google Cloud
Thomas Kurian, CEO, Google Cloud
12:20 – 12:40 p.m.
The Journey from CIO to COO
Chris Drumgoole, EVP & Chief Operating Officer, DXC Technology
Jeff Smith, EVP & Chief Operating Officer, World Fuel Services
Moderated by Alex Kraus, Vice President & East Coast Lead, Metis Strategy
12:40 – 1:00 p.m.
Technology-led Business Model Innovation
Ather Williams III; EVP, Head of Strategy, Digital, and Innovation; Wells Fargo
Prakash Kota, Chief Information Officer, Autodesk
Moderated by Chris Davis, Vice President & West Coast Office Lead, Metis Strategy
1:00 – 1:20 p.m.
Innovation Ecosystems as a Source of Growth
Ryan Snyder, SVP & Chief Information Officer, Thermo Fisher
Teddy Bekele, SVP & Chief Technology Officer, Land O’Lakes
1:20 – 1:30 p.m.
Thanks to all who joined the February 2022 Metis Strategy Digital Symposium. A special thanks as well to all of our speakers, who shared their perspectives on topics ranging from creating speed and agility in an era of “predictable unpredictability” to developing new operating models, scaling innovation, and using data and technology to enhance the customer and employee experience.
Digital and technology executives are seeing expanded purviews and greater strategic influence inside their organizations as technology becomes increasingly integral to business operations. In addition to traditional IT roles, today’s CIOs are taking on key roles in revenue-generating activities, helping to define the future of work, and leveraging strategic partnerships to find unconventional solutions to today’s challenges.
See below for a few highlights from the event, and check out the Metis Strategy YouTube channel and the Technovation podcast in the coming weeks for full recordings of individual panel discussions. In the meantime, click here to request an invitation for our next virtual event on May 19, 2022.
Customer focus drives greater impact for IT
Today’s technology leaders are more customer-centric than ever before as data and analytics capabilities help organizations better understand the customer journey and transform the customer experience through digital. Indeed, nearly half of attendees noted that customer centricity has been the biggest driver of impact and performance at their organizations.
At MetLife, Bill Pappas is utilizing his combined role as Head of Global Technology and Operations to drive a more holistic approach to managing the customer journey. The ability to collaborate internally across data and analytics, cybersecurity, infrastructure, customer-facing service advisors, and other teams has led to a greater understanding of the processes and decisions that impact customers, which in turn helps MetLife design better products and services for them.
At Inspire Brands, digital technologies have allowed the company to serve customers and employees more effectively across a variety of channels, CIO Raghu Sagi said. Buffalo Wild Wings, for example, went from having almost no off-premise business before the pandemic to having almost all off-premise sales as people stopped going out to eat. In response, Sagi and his team quickly rolled out new features such as curbside delivery and contactless payments, tools they could then scale across their other restaurant brands.
Even security services, often considered a friction point for many users, have become an avenue for delivering value to customers. Transmit Security, for example, is leveraging biometric capabilities and other technologies to help customers access their accounts faster while simultaneously strengthening the overall security of those accounts and reducing system complexity on the back end.
CIOs double down on culture, people development
As organizations continue to navigate a challenging talent market, executives are doubling down on people management efforts to attract, retain, and develop talent. That includes building internal culture, enabling flexible working models, and developing upskilling and reskilling opportunities to create growth opportunities for their teams.
“People are truly everything we do, and as a leader, your role is to be [first] a human resources manager,” Bill Pappas of MetLife said. In addition to articulating its value proposition to attract top talent, the company offers a range of upskilling and talent development initiatives, including a digital academy, that seek to foster the technology, commercial, and leadership skills needed to lead in today’s environment.
Edward Wagoner, Chief Information Officer for Digital at JLL Technologies, noted that data and technology are helping the company design the future of work and bring it to life at the intersection of physical and digital spaces. With some employees returning to office and others continuing to work remotely, Wagoner emphasized that there are still many unknowns, and that organizations across the board will continue to test new hypotheses and draw on lessons learned to improve the employee experience.
Indeed, technology leaders will play a central role in enabling new forms of collaboration and creating spaces that establish a level playing field and sense of belonging for diverse and remote employees. “As digital technology leaders, we’re so entwined in the culture game that we now need to go figure out what are these experiences that provoke people to collaborate differently,” said Vince Campisi, SVP Enterprise Services and Chief Digital Officer at Raytheon Technologies.
Tech leaders become a catalyst for new business partnerships
While CIOs have always kept a finger on the pulse of emerging technologies, they increasingly are forging more strategic partnerships with suppliers, peers, startups, and others to gain new insights and develop new products and services.
To navigate the emerging tech landscape, Novant Health, Chief Information Officer Onyeka Nchege focused on identifying core capabilities and building a strong partner ecosystem that could deliver a positive impact and improve the patient experience. In 2019, Novant Health solidified a partnership with Zipline that, through a fast-tracked operation during the pandemic, led Novant Health to become the first healthcare system to deliver PPE via drone distribution.
Although the real estate industry hasn’t historically been known as a leader in technological innovation, companies like JLL have established new partnerships to expand the company’s thinking and to better address ongoing uncertainties such as the future of work and climate change. Wagoner noted that JLL acquired an AI company to improve data-driven decision making. He also discussed the ways in which JLL is partnering with technology leaders across industries to address topics such as sustainability monitoring and reporting.
A dedication to scaling digital operations and innovation
CIOs, CDOs, and CTOs have an ever-growing role to play in helping organizations adapt quickly to changing markets and consumer demands. Key to that is enabling innovation at scale and applying digital tools to enhance operations.
Innovation is no longer a practice that takes place in a separate building, but rather a capability embedded across the enterprise, said Charu Jain, SVP Merchandising and Innovation at Alaska Airlines. Jain further drove these efforts by developing an innovation committee at the board level. This committee provides formal commitment and accountability to innovation efforts and helps identify opportunities to apply technology to revenue-generating activities and guest and employee experiences. Having teams across the company pursue innovation ideas, paired with strong change management and new ways of working, has helped make innovation a “fabric of how [Alaska Airlines] does business,” she said.
Sanjib Sahoo, Chief Digital Officer at Ingram Micro, highlighted digital innovation as a means of improving performance while constantly reassessing the business model and ensuring that there are no opportunity gaps in the organization. “We perform as we transform,” he said, noting the importance of integrating operational excellence and value creation into all transformation initiatives.
Since the pandemic began, CIOs are owning more innovation and business value creation processes, said Sunny Gupta, CEO & Co-Founder of Apptio. That includes a shift to product-focused operating models, which requires leaders to think not only about technology applications but also new funding models.
Technology plays key role in building supply chain resilience
Supply chain disruptions and natural disasters have caused strain on global operations, underscoring a need to digitize and automate processes and collaborate with peers and partners. Increasingly, technology is the key to building resilient supply chains that allow organizations to pivot quickly amid ongoing disruptions.
At Big Lots Stores, data and decision modeling help build stronger and more resilient digital supply chains, said Gurmeet Singh, CTO and CIO. The ability to process data from each point of the supply chain speeds decision making and allows the organization to pivot quickly when markets change, which ultimately impacts costs, store operations, and the customer experience. Singh has also spent time learning from startups in the supply chain space to understand how new technologies are driving greater visibility and automation.
Gary Desai, CIO at Discount Tire, remarked that resilient supply chains and strong relationships help improve the “speed of trust” with customers and drive better outcomes. Desai works alongside the Chief Customer Officer and Chief Product Officer at his organization and meets with the CEO of their supply chain software provider to discuss ways in which technology can continue to deliver value for the company now and in the future. New ways of working, including a shift toward planned appointments at stores instead of walk-ins, also present new opportunities to apply digital technologies and enhance relationships with local suppliers.
We hope you’ll join us for our next Metis Strategy Digital Symposium on May 19, 2022. You can register for the event here. Stay tuned to our website for more details.
