This week we attended the MIT CIO Symposium and, as in previous years, found it thought provoking, inspirational, and actionable. We want to share some interesting comments from a keynote CEO panel.
The panel was moderated by Gregory Huang (Editor, Xconomy Boston) with the following CEO’s panelists:
- David J. Castellani (Sr. Managing Director & CEO, New York Life Retirement Plan Services)
- Brian Halligan (CEO & Co-founder, Hubspot)
- Tianwen Liu (Founder, CEO & Chairman, iSoftStone)
- Eric Openshaw (Vice Chairman, Deloitte LLP)
The main theme was alignment and the need for IT organizations to understand business organizations in order to help them innovate. Business leaders want to “be on the edge.” IT leaders want to focus “on the core.” The problem with staying at the core is “innovation gets stifled.” Therefore, IT needs to “bring the core out to the edge.” When this is achieved, then CIOs can pull CEOs towards innovation and help the CEO “look smart.”
A leading factor preventing IT from innovating and moving the core to the edge is the organization of IT. Most IT “organizations are structured like the military.” There is a clear command and control structure with a specific ration of managers to staff. At Google they operate with 60 staff members being managed by one manager. In order to break old habits, IT will need to redesign itself and think about using new techniques for communication and accountability. At a different session, the question was asked how “Gen-Y” employees want to work. A CIO said he didn’t know, but he looks at his 16 year-old son playing Xbox and maybe has a clue. His son is playing a game where he is the leader of a team of virtual people (soldiers). The people are real and located all around the world. His son is able to organize the team, establish productive real-time communication, enable a virtual command and control structure and win the battle. Pretty impressive for someone who hasn’t graduated high school.
The CEO’s felt IT has become order takers. They would prefer them to be “Deflationary, Destructive, and Disruptive.”
In a discussion about talent management, one CEO stated he no longer reads resumes before meeting someone. He claims a resume is simply “person branding,” and doesn’t tell you much about the person. The CEO will read the resume after the interview, only if he likes the candidate. A highly provocative approach.
The conference was fantastic and this panel was ideal as a kick-off for many panels and discussions around the role of IT and the need for technology-driven business innovation.