There's a New Digital Drama Unfolding in the C-Suite, According to CSC Leading Edge Forum Study
News Release -- June 15, 2015
Who should lead the digital agenda in our business? Who should be kept far away?
Do we need a chief digital officer? What’s the role of the CIO? And the CMO?
London, 15 June 2015 – CSC’s Leading Edge Forum (LEF), a global research and thought leadership community, has today launched the report which summarizes the findings and conclusions from its latest research project, Digital leadership in the C-Suite, designed to help CEOs and other members of the C-suite establish the leadership they urgently need to survive, compete and prosper in the digital age.
According to Richard Bhanap, a leading international advisor on digital business transformation and the author of the report, “Digitization is disrupting companies out of existence and transforming entire industries. Its growing importance across all sectors is creating very real leadership tensions in the boardroom. Success with digital is not just about the technology and business strategy – getting the politics of digital and the associated power game right are critical in large, complex businesses.”
Conducted in late 2014 and the first half of 2015, the research project involved surveys and interviews with C-level executives from a wide range of large multinationals across industry sectors. Findings from the research include:
- Less than 40% of companies believe that their business leaders are equipped to harness and lead digitization.
- Most chief information officers (CIOs) feel that the digital agenda should be theirs by default, but in reality fewer than 35% of today’s CIOs are expected to be tasked with leading digital transformation.
- Many chief marketing officers (CMOs) also make a persuasive case to own and drive the digital agenda but the scope of digital will inevitably extend well beyond their remit and into functions such as R&D and the supply chain.
- As a result, many firms have hired or are considering hiring a chief digital officer (CDO), and that directly impacts the dynamics of the top team.
The report provides clear guidance on navigating the choices and lays out a comprehensive five-point digital leadership action plan. “There is a real risk, once a CDO-like appointment has been made, of executives breathing a sigh of relief and simply abdicating all this ‘new-fangled digital stuff’ to them. That’s the fastest route to executive obsolescence and accelerated retirement,” said Bhanap. “Digital is not just the CDO’s job. C-suite members need to make digital everyone’s business,” he added.
“This report is a must read for CEOs, CIOs and other C-level executives involved in leading or shaping their company’s digital agenda. We are already helping our clients with practical approaches, advice and guidance based on the findings,” concluded Richard Davies, managing director of the Leading Edge Forum.
Report Summary and videos
To view or download CSC’s LEF “Digital Leadership in the C-Suite” executive summary and watch the video, go to: https://leadingedgeforum.com/digital-leadership
About CSC Leading Edge Forum
CSC’s Leading Edge Forum (LEF) is a global research and thought-leadership community dedicated to helping large organizations identify and adopt Next Practices at the growing intersection between business and information technology. We believe that as business and IT become inseparable, virtually every aspect of work and the modern firm will need to be re-imagined, and this creates exciting new digital opportunities.
Through an annual membership programme of research, events, onsite workshops and advisory services, we support Chief Information Officers and other senior digital business leaders in areas such as strategy, organizational change, executive education, staff development and the future of the Central IT function. Members enjoy personalized access to our global network of thought leaders, clients and leading practitioners.
The Leading Edge Forum is part of CSC. For more information, please visit leadingedgeforum.com.
Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our client's technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 76,000 employees and reported revenue of $13.0 billion for the 12 months ended July 4, 2014. For more information, visit the company's website at www.csc.com.