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The Future Skills Every CIO Will Need, Part 2

The Future Skills Every CIO Will Need, Part 2

By Retained | November 22, 2024

Key Takeaways from this article: 

  • Effective people management goes beyond traditional team leadership; it requires emotional intelligence (EQ), empathy, and building strong relationships across the organization.
  • CIOs will continuously push the boundaries of what’s possible, encouraging their teams to think outside the box and explore new ideas.
  • A data-driven mindset is essential for success in the role of CIO. 
  • By optimizing the user experience and adopting a customer-first mindset, CIOs can help their organizations stay ahead of customer expectations, driving greater engagement and long-term success. 

 

In our last article, we looked at three crucial skills, business acumen, effective communication, and cybersecurity, as future skills that every CIO will need to lead their organization into the future. In part two, we will explore four more skills that will define the next generation of tech leaders. These are skills that any leader should be looking for in their next CIO – let’s dive in. 

People Management and Emotional Intelligence 

In an era of vital collaboration and cross-functional teams, managing and leading people is a fundamental skill for any CIO. Effective people management goes beyond traditional team leadership; it requires emotional intelligence (EQ), empathy, and building strong relationships across the organization. A CIO with high EQ can better understand their team’s needs, concerns, and motivations, enabling them to create a positive work environment that fosters innovation and high performance. 

The short-sighted or near-sighted ‘visionaries’ leading companies and teams are holding their people in check — in many ways it’s analogous to getting stuck in traffic behind a driver that is only able to see the car in front of him and is unwilling or unable to see farther down the road,” Explains Walter Carter, President of THG Advisors and International Best-Selling Author. Compare that to the drivers who see way up the road and are quick to see emerging patterns enabling them to easily avoid traps and hazards – wouldn’t you prefer following that leader?” 

Moreover, CIOs work closely with other C-suite executives, such as the CEO, CFO, and CMO, to ensure that technology initiatives align with broader business strategies. Strong communication and interpersonal skills are essential for building trust and collaboration among key stakeholders. 

Data-Driven Decision Making 

In today’s data-rich world, CIOs need to harness data for decision-making more than ever. Modern organizations generate vast amounts of data, and a CIO will leverage this data to gain insights, predict trends, and make informed decisions. Whether using data analytics to optimize operations, enhance customer experiences, or identify new business opportunities, a data-driven mindset is essential for success in the role. 

“Data management – master it,” says Krishna Venkatesh, SVP of Saas Software Engineering, Aline. “Creating and identifying a system of record will help build a cohesive platform.” 

Furthermore, as AI and machine learning evolve, CIOs must stay ahead of the curve, integrating these technologies into their strategies to drive automation, personalization, and improved decision-making. 

Pushing Innovation and a Forward-Thinking Mindset 

The CIO’s role has evolved into that of a key innovation driver. In addition to managing existing technology, the CIO scouts for new, disruptive technologies that can give the organization a competitive edge, which requires a forward-thinking mindset, a willingness to experiment with the latest tools and methodologies, and the ability to foster a culture of innovation within the IT department and beyond. Krishna reminds us that the ability to innovate and adapt as technology and needs evolve is critical. 

“Innovate and Adapt: the tech landscape is constantly evolving,” says Venkatesh. “It is key for the leader to champion innovation and bring the entire organization on this journey.” 

Innovation is not just about technology; it’s about finding creative ways to solve business problems. A vital CIO will continuously push the boundaries of what’s possible, encouraging their teams to think outside the box and explore new ideas. This might involve implementing agile development practices, adopting open-source technologies, or experimenting with blockchain or Internet of Things (IoT) solutions. For Renee Pearson, GVP & CIO, Rollins Inc, it’s not only about pushing the boundaries, but managing the pace of innovation and change.  

“CIOs of today and in the future need to effectively manage the pace of technology innovation with the ability of their business to adopt and change, as well as their willingness to assume risk,” explains Renee Pearson, GVP & CIO, Rollins Inc. . 

Customer-Centric Approaches Are a Must 

Finally, a customer-centric approach is essential for a CIO in today’s digital age. Technology is at the heart of the customer experience, whether it’s through e-commerce platforms, mobile apps, or digital customer service channels. Prioritizing and designing the end-user experience to ensure technology initiatives enhance customer satisfaction and loyalty is a primary focus for CIOs. 

By adopting a customer-first mindset, CIOs can help their organizations stay ahead of customer expectations, driving greater engagement and long-term success. 

You need to prioritize UX and end users,” emphasizes Venkatesh. “Every task and application should be viewed from the end user’s lens and optimized with that view. Far too many times, applications are built in a way that is too cumbersome to use and proves difficult to navigate. There are several companies that do it really well, like Apple and Netflix, for example.” 

The Evolving Role of the CIO – Looking Ahead 

The CIO role has evolved into a strategic and influential position. While technology expertise remains essential, a successful CIO must possess a broad range of skills and values, including emotional intelligence, data-driven decision-making, a focus on innovation, and a customer-centric approach. By mastering these areas, along with what we covered in part one of this series, today’s CIOs will not only excel in their current roles but will also be well-positioned to navigate the challenges and opportunities of tomorrow. 

Why Smaller Boutique Executive Search Firms Could Be Better

By Retained | June 28, 2024

When you’re searching for your next exceptional leader to take you into the future of your business, the allure of partnering with a big-name search firm is tempting. Sure, their scale and content output are impressive, but is bigger always better? Small boutique executive search firms like Retained offer distinct advantages that could give you an edge in recruitment. Deciding the type of search firm you will use for an executive search is a big decision, but a small boutique executive search firm could be the best fit. We’ll explore how small boutique executive search firms can provide the edge.

Leadership Expertise

One of the biggest benefits of working with a smaller firm is that you’ll work alongside proven leaders with years of experience who have been in your shoes and know your needs. At Retained, our leaders will be involved in every step of the process, from the first call until a candidate’s placement. This ensures you get the attention and the level of expertise you deserve.

A Relationship-first Approach

When you partner with a boutique search firm, you can forge a close relationship with leadership who come alongside you to execute the search. During the process, you have greater access to leadership, benefit from their strong networks, and, as a result, are better positioned for success.

When you partner with Retained, for instance, we become an extension of your organization, guaranteeing the highest level of discretion and confidentiality. The relationship goes beyond the now; we work to ensure our clients are positioned for future success, and we maintain relationships beyond the initial search to support our clients and their continuous growth.

Going Beyond Qualifications  

Large search firms may utilize standardized processes to assess your needs and the qualifications you desire in your candidate. However, small boutique firms can go much deeper, working alongside you to understand the leadership landscape within your organization and your culture on a profoundly personal level. A Better understanding of these areas will result in the perfect fit to enhance your team and help you reach your objectives better. Knowing the client’s culture intimately also enables a more seamless transition for the leader. Our experts can coach the candidates throughout the process, preparing them to enter the role with confidence.

Specialization

When needing a search, tailoring your choice of a partner can make a world of difference. For instance, hiring a small boutique search firm specializing in the technology sector can offer you a boost if you are seeking a  Chief Information Officer or a Chief Technology Officer. Firms that specialize in a specific industry know it inside and out, and their networks often enable them to pull together a diverse pool of candidates.

At Retained, we source senior technology executives, C-suite, nonprofit, and fractional/interim executives. By specializing in these types of searches, we can put forth the optimal pool of candidates that best fit your needs. Tino Mantella, President & Managing Partner at Retained, led the largest tech trade association in North America for over a decade. His tenure not only enabled him to connect directly with hundreds of tech leaders, but he also developed an intimate knowledge of the requirements to be the best in various tech roles.

Innovation

Boutique search firms can innovate quickly without going through a maze of bureaucracy to secure approvals. While large firms have many resources, they are not as agile or flexible due to their size. Boutique firms combine innovative search strategies with robust tools and technology to ensure a successful search. A smaller firm can improve and optimize more quickly. Despite fewer resources, a more limited number of searches allows for a greater focus and allocation of resources to your account, proving to be more effective.

Bigger Isn’t Always Better

When choosing a trusted partner to find your next leader, bigger isn’t always better. While there may be some advantages to a large firm, small boutique search firms like Retained are positioned to give you a unique edge in talent acquisition. Their tailored and personalized approach, deep industry knowledge, and leadership expertise can be the difference maker in finding the perfect fit the first time. This is why you can trust boutique firms like Retained to get the job done right.