Brexit and the CIO

How Brexit will threaten innovation

Stephanie Chamberlain, CEO, Magic Milestones

If the last 5 years have taught us anything it’s that change is inevitable.

But do you believe over the next 5 years that you’ll ride it out in the same way as you did before?

Do you believe that Brexit is no different from the 2008 Global Financial Crisis in terms of challenges and opportunities?

Are you betting that Agile methods will save you from each new wave of digital disruption?

If the answer is yes, I challenge you to question your team’s current methods for dealing with change.

Here’s why:

1. The level of innovation required to survive continued digital disruption and to take advantage of opportunities is likely to go the same way as Moore’s law. We won’t be able to keep up with it. By the time we’ve changed our models to deal with one thing the world will throw us another.

2. Regulation will swallow innovation (given half a chance) so the CIO will need to make room for it and kill projects that fail to prove their initial hypotheses.

3. Making difficult prioritisation decisions quickly will be a leader’s differentiator.

4. Organisations will need stable teams rather than constantly changing resources in order to keep up.

5. Innovation at scale will require entrepreneurship or “intrepreneurship” (as detailed in ‘The Leader’s Guide’ and ‘The Lean Startup’ by Eric Ries)

To survive and prosper in the next 5 years, CIO’s need a team of professionals who not only know how to test products but also know how to test business models.

They also need a PMO who can pitch one investment against another in a concise and engaging way.

Are your team ready for the challenge?

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