| | June 20169CIOReviewA) Enterprise or Legacy / In-house Portfolio: These are traditional en-terprise applications established by organizations to store core business processes and information around customers, suppliers and products. While new investments in these sys-tems would be very case driven, it is crucial for technology leadership to effectively maintain and transform legacy technologies to adapt to digital fronts.Strategic Focus: Modernize for digital integration, leverage auto-mation and consider cloud migra-tion evaluating information security risksB) Enterprise / On Cloud Portfolio: Over the last few years, companies have adopted cloud based "As a Service" propositions especially in enterprise functions such as HR and Payroll. Sales Forces platform has allowed companies to launch sales and customer services much faster in a scalable model. Benefits of cloud-based services supported by major players outweigh the per-ceived security risks driving orga-nizations to adopt these "As a Ser-vice" models rapidly. Organizations however need to consider a robust integration strategy to plug and play these services. Strategic Focus: Invest in business integration platforms, define infor-mation security controlsC) Emerging technologies / In-house Portfolio: This quadrant is really about the technologies and solutions that are trending in the industry, where business benefits, technological complexities and long-term usage is debated. One of the senior stakeholders represented these as "solutions that are awaiting a problem statement". From an IT leadership standpoint you need to keep a close watch and invest carefully. Business today may be eager to hear and experiment with some of these ideas and would like their technology leadership to be at the cutting edge. Many of these areas are aimed at providing a competitive advantage and hence, most of the organizations may consider an in sourced model here.Strategic Focus: Adopt fail fast mechanisms; go for POC approaches to establish business valueD) Emerging technologies / Remote Cloud Portfolio: Today, many business services are offered on technology platforms supported by associated business processes. Business leaders are keen to take advantage of the benefits of such services as the proposition revolves around low CAPEX and faster time to market. Technology leaders need to be wary about potential information security risks and the doubtful future of such businesses that are based on entrepreneurial startup models. On the other side, an interesting change is that technology organizations are now successfully inventing new revenue streams by creating multi tenancy services that they sell, making IT contribute directly as revenue generating business unit.Strategic Focus: Define information security strategies after carefully iden-tifying and protecting critical infor-mation such as customer credentials, create a backup redundancy plan for business continuityThe role of the modern CIO is changing to that of an evangelist who is able to influence the future business model. The "I" could stand for Innovation, Intelligence or Information but what remains common is the CIO's ability to provide a competitive edge to the business.
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