CEOs are seeking to generate more revenues from their emerging digital businesses, forcing CIOs to become more familiar with their company’s customers. Digital agendas are devouring CIOs’ attention and forcing them to partner with the CEO and the CMO.
The trend represents a sea change of sorts for the CIO, whose role evolved sharply from that of a custodian of back-office systems to a curator of customers. Three CIOs who manage technology for global businesses discussed what that evolution means in the context of their businesses at the Forbes CIO Summit in Half Moon Bay on Monday.
As one of the founding officers of Verizon Wireless, Roger Gurnani has watched the telecommunications market evolve. But perhaps nothing is more challenging for Gurnani than his current role as chief information and technology architect, positions that combine the roles of CTO and CIO. He’s managing wireless network and telecom network architectures, as well as the IT and digital technologies that orchestrate business processes. “We felt it was important to create the new role that bridges business technology and strategy,” Gurnani says.
Verizon’s strategy is predicated on the fact that its customers are consuming an array of digital services, including watching video from smartphones and tablets, and connecting home appliances to the Internet. Gurnani is overseeing the construction of the company’s IoT network, ThingSpace, which relies heavily on machine learning algorithms and data analytics to automate Verizon’s networks, as well as an ecosystem of applications, sensors and mobile devices connected to it. “The entire value chain is becoming programmable … it’s becoming software driven,” Gurnani says. “Business models are disrupting and changing because it’s no longer humans that have to make decisions. With deep learning and different algorithms, [everything] is getting so automated.”
Verizon uses data coming out its automated systems to better serve its 125 million consumers and 200,000 corporate customers. For example, Verizon routs its 35,000 field service technicians using algorithms to analyze customer service needs and direct to people’s homes the techs with the appropriate skills and the trucks with the right spare parts to remediate a problem to people’s homes. “Our technology focus is centered around the customers,” Gurnani says.;