Two Speed IT: How Companies Can Surf the Digital Wave, a BCG Perspective

Go to Course: https://www.coursera.org/learn/2-speed-it

Introduction

### Course Review: Two Speed IT: How Companies Can Surf the Digital Wave, a BCG Perspective In the ever-evolving landscape of technology and business, the course "Two Speed IT: How Companies Can Surf the Digital Wave" from the Boston Consulting Group (BCG) offers a timely and essential exploration of how Chief Information Officers (CIOs) can effectively navigate the complexities of modern IT management. The course's premise emphasizes the urgent need for organizations to adopt a two-speed IT model, highlighting the transformative power of technology in maintaining competitive viability. #### Overview The course begins by establishing a foundational understanding of the role of IT in today’s digital economy. It sheds light on the often-underappreciated position of CIOs who frequently struggle to voice their insights in executive discussions. However, the challenges presented by rapid technological advancements necessitate a redefinition of IT's role—from mere support to a critical business partner. This shift is the cornerstone of a strategy designed to steer organizations through digital transformation effectively. #### Syllabus Breakdown 1. **Introduction**: The course sets the stage by inviting learners to consider the significance of IT and its evolving role in organizational success. 2. **IT and the CIO in the Digital World**: The second module dives deep into the discrepancies between existing IT practices and emerging needs. Here, best practice examples are shared to illustrate how companies can align their IT strategies with digital requirements. 3. **Steer the Balance Sheet**: This section addresses the dual role of the CIO in today’s environment, emphasizing the importance of managing both Profit & Loss (P&L) and balance sheets in positioning IT as an integral business partner rather than just a cost center. 4. **Market and Sell Products**: This module focuses on the necessity for IT departments to redefine their offerings. What should IT promote and what should it step away from? This strategic differentiation is crucial for building a robust IT landscape. 5. **Run the Factories**: By employing a "factory mindset," organizations can effectively build applications and streamline operations. This practical approach is vital for fostering efficiency and productivity within tech teams. 6. **Manage Human Resources**: The module highlights the significance of "strategic workforce management" in a digital context. Managing talent effectively is no longer optional; it is a critical component of reaching long-term success. 7. **Transform or Disappear**: In the course finale, a compelling argument is made for the ongoing transformation of IT departments. Learners are guided through the principles and rules necessary for continuous evolution in response to shifting market dynamics. #### Recommendation "Two Speed IT" is not just a course; it’s a strategic playbook for current and aspiring CIOs, IT managers, and decision-makers in any organization seeking to stay ahead in the digital age. The course's depth and real-world applicability make it an invaluable resource. - **Who Should Take This Course**: This course is highly recommended for CIOs, IT professionals, and organizational leaders who need to grasp the intricacies of modern IT and leverage them for business success. It also serves as an excellent resource for students and anyone looking to understand IT's critical role in digital transformation. - **Value of the Content**: The insights provided by BCG are rooted in research and informed by real-world scenarios, making the lessons not only actionable but also relatable. The methodology encourages practical application, ensuring that participants can implement what they learn immediately. - **Format and Accessibility**: Available on the Coursera platform, this course is accessible to a global audience and can be completed at one’s own pace, making it a perfect fit for busy professionals. Overall, "Two Speed IT: How Companies Can Surf the Digital Wave" equips learners with the knowledge to make informed decisions, contribute strategically to their organizations, and ultimately thrive in an era where technology reigns supreme. If you're looking to elevate your understanding of IT's evolving role within the business landscape, this course is well worth your time and investment.

Syllabus

Introduction

Start here!

There is a gap between what we observed about IT in companies and what is actually needed. Some best practice examples will be given.

The first new role of the CIO in the digital world is to manage both the P&L and the balance sheet to position IT as a business partner.

Being a business partner starts with deciding what IT sells and what IT does not sell.

Building applications and running operations require the adoption of a "factory mind-set."

In a digital world, “strategic workforce management” is the name of the game.

In this final module, we will see that IT must continually transform itself to adapt to an ever-changing environment. We will take a look at how that should be done: there are rules to make this happen.