In the age of disruption, do businesses need CEOs that are more than just a good financial operator? The CIOs in the #CIOChat believe so. They say CEOs are needed that can build value out of ‘legacy businesses’ by fueling transformation within products, services, and business models. CIOs say CEOs are needed that know when and where to act. These are CEOs that embrace technology and make appropriate business bets. As important, they can tap into wellsprings of innovation and disruption widely, deeply, and effectively.
CIOs differ regarding the level of digital skills CEOs should have. Some CIOs say that they don’t need the CEO to be an expert on digital—they need them instead to focus on taking actions that can with technology lead to sustainable growth and bottom-line results. These CIOs suggest that today's tool for achieving results, however, is increasingly technology, so at minimum they want a CEO that cares about tech. As an example, General Electric’s CEO changed his company’s jet engine business model after learning about the streaming data new engines created.