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Thornton May thornton@thorntonamay.com CIO & Entrepreneurship CIO Solutions Gallery Annual Showcase “The CIO Ascendant Part 3” 2 September 2015
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Last night we talked about 2015 being a transitional moment requiring leadership
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Let’s Get Conceptual for a Moment
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A Non-Transitional Moment Christian Stadler, Enduring Success: What We Can Learn from the History of Outstanding Corporations
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A Transitional Moment
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Quick Jump Ball In your group, please come up with three [3] ways Your environment has changed 90 second exercise
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Report Backs
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What Patterns/Trends [if any] do you perceive in your responses?
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The Big Change The Economics of Disruption Society’s Attitude Toward Disruption and Disruptors
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The Big Change The Choice Set
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The Economics of Disruption Historically it typically took about $20 million to get a product to market. You had to hire a sales force. You had to pay for advertising. Innovation/invention was expensive. You had to buy the hardware. You had to buy the software licenses.
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The Economics of Disruption With cloud, open source software and social media it has never been cheaper to bring a product/service to market. Bill Janeway, Ph.d from University of Cambridge at Warburg Pincus tells the students in his class, “Guys you don’t need your parent’s charge card you can use your own. You can do it on your own.” This new economics means SO MANY MORE Start-ups. So many more choices for CIOs.
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The Economics of Disruption Historically there were only a few places you could go for venture funding Historically, capital was expensive
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Society’s Attitude Toward Disruption & Disruptors Could you point me to “loud & proud” Defenders of the Status Quo?
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While Doing Research For This Session We kept bumping into the phrase, “Extraordinary Circumstances”
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Extraordinary Circumstances “I assume the presidency under extraordinary circumstances….” Gerald R. Ford Remarks upon taking the oath of office [9 August 1975]
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The Opportunity Set You are an IT professional working under extraordinary circumstances.
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The Opportunity Set Every facet of modern existence and every piece of your supply/value chain is being probed/analyzed and potentially disrupted by someone you never thought about.
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19 Entrepreneur Or be Entrepreneured Über Observation Remember how during the dot.com era everyone was worried about being ‘Amazoned’?
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The Opportunity Set For the first time in at least 10 years, CIOs are being asked to do unstructured problem-solving. IT is no longer just about “fixing something,” “deploying something” or “optimizing something.” IT is being asked to envision and create the future.
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Visual Metaphor for the Opportunity Set In Indiana Jones and the Last Crusade the evil protagonist [Walter Donovan played by Julian Glover] attempts to select the authentic Holy Grail from a shelf of poisoned knock offs.
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Donovan makes his choice and his head explodes. The semi-supernatural, 150-year-old Grail Guardian/Knight [played by Robert Eddison] comments, “He chose poorly.” Visual Metaphor for the Opportunity Set
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Observation The mechanisms whereby most organizations create and evaluate their opportunity set are broken.
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TODAY –they are kind of gimmicky, they are not that common but they are used. We are going to need a bigger boat! Visual Metaphor for the Opportunity Set
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are Currently being Evaluated? 5 minute exercise Which Emerging Technologies
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Report Backs
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Homage to the Square: Post Autumn, 1963 by Josef Albers What Patterns/Trends [if any] do you perceive in your responses?
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Your organization uses to evaluate emerging technologies 5 minute exercise Please Describe the Process
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Report Backs
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Nicole Van Den Hurk, No. 257 What Patterns/Trends [if any] do you perceive in your responses?
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.
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. Aaron Franks, Singularity University [May 2015]
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The Gartner Hype Cycle. http://www.gartner.com/newsroom/id/3114217?cm_mmc=social-_-sm-_-pr-_-gartpr
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The Opportunity Thing THE most important narrative in business today is the “opportunity story” This details how opportunities are identified, evaluated and operationalized.
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IT has a crucial role to play assisting the enterprise… 35
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