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In the rapidly evolving business landscape, technology has become the backbone of every organization.
The essence of digital transformation lies in leveraging technology to benefit both businesses and their customers.
For example, a retailer seeking to enable online purchases hastily deployed an e-commerce site with inadequatesecuritymeasures.
This resulted in a data breach that eroded customer trust and required additional investments to fix.
CTO at Axians UK.
CTOs must become adept at juggling such tradeoffs.
Aligning technology roadmaps across departments and gaining executive buy-in for digital transformation initiatives are also key CTO priorities.
Success requires masterful cross-functional collaboration and strategic planning abilities from CTOs.
CTOs may also need to coordinate multiple partner relationships to address the breadth of the organisation’s technology needs.
Managing these partnerships requires excellent vendor management abilities to ensure accountability, transparency, and continued value delivery.
CTOs must make thoughtful decisions about replacing or removing obsolete technologies and integrating new tools.
They should develop clear criteria to evaluate new solutions, rather than getting swayed by flashy marketing claims.
A meticulous technology auditing process is essential to identify outdated legacy systems ripe for modernization or retirement.
Re-platforming them incrementally while maintaining critical business functions helps optimize budgets.
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