Becky Wanta, CEO & President at RSW1C Consulting spoke at the CIO North America Event June 2013

1. NAME: Becky Wanta
TITLE: CEO & President
COMPANY: RSW1C Consulting
Next Generation CIO

2. •Professional Background
•Why Change
•IT Industry Is Changing
•3 Types of CIOs – Which One Are You?
•Next Generation CIO
•How to Transition to Next Generation CIO
•Questions
•References
Agenda
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3. Professional Background
• Ranked 12th of Top 200 CIO Executives by Exec Rank in 2012*
• SVP/Chief Information & Innovation Officer – MGM Resorts International
• SVP & CIO – State Compensation Insurance Fund – California
• SVP & CIO – Best Buy
• EVP & Global Chief Technology Officer – Wells Fargo
• SVP & Global CTO – Southwest Airlines
• SVP & Global CTO - Wellpoint Health
• CIO & CTO – The MoneyStore
*http://execrank.com/2012/10/2012-top-cios/
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Why Change?…
• Competitive Business Pressures
• Relentless Pace of Change – “Biggest invention 100 years ago”
• What “Got us Here, Won’t Get us There*”
• Architectures are Flattening and Borders are Graying
• Consumerism of IT Movement - “Always On/Always Connected/Always Available
• Formal Hierarchies – “Road to Bottom**”
• IT Dis-intermediated or Deemed Irrelevant!
• IT Industry is Changing …
*“What Got Us Here Won’t Get Us There,” by Marshall Goldsmith
**Gary Hamel, IGate Bonfire Keynote Address - September 2012

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IT Industry is Changing …
• In a recent survey, CIOs state that in 3-5 years they plan to
spend 29% more time driving business innovation, and 33%
less time on operations and system performance - Source:
CIO Magazine
• ...$8 out of every $10 spent on IT is “dead money” – not
contributing directly to business change and growth -
Source: Gartner

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3 Kinds of CIO – Which One Are You?…
1 - Valued Business Partner
2 - CIO Cronyism - Waiting-out Retirement – Leave it to
Successor…
3 - Not-qualified

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Next Generation CIO
• Valued Business Partner
• Leader in Smart Innovation & Adoption
• Leverages Technology To Massively Increase Market Position, Productivity, Innovation
and Top Line Revenue
• Strikes the Balance Between “Control” and “Freedom”
• Aggressively Transitions To a “Transient” Product Portfolio
• Transitions From Back-Office Expense Function to “Front-Office” Competitive
Advantage
• Examines Monetization of “Core” for Next Generation Products

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• Limit Pioneering - Collaborate & Leverage Key Learnings From Other
Industries & Markets
• Partner With Milennial Forums such as Venture Firms, Academia, Start-
ups, TEDx to Stay Current and Incorporate Talent, New Capabilities Real
Time
• Create Environment for Safe Experimentation
• Partner With Business In Experimentation to Strengthen Partnership and
Embrace/Adoption of New Capabilities, Innovation, Change
• Examine What Really Requires “Control” & Enable “Freedom”
• Determine What is “Core”
• Revamp Your Fixed and Variable Spend Budget
How to Transition to Next Generation CIO

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Questions?

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References
•YouTube Video: Gary Hamel – Next Generation IT Leadership: http://www.youtube.com/watch?v=aodjgkv65MM
•Article: Lawrence Lerner – “Goodbye, CIO. Say Hello to Chief Customer Officer: Innovation Insights/Wired.com
•Book: Disrupt by Luke Williams – Founder of “Frog Think”
•Article: Marla Tabarka - Leadership 2.0 - What it takes to become a “Thought Leader,” INC Magazine:
http://www.inc.com/marla-tabaka/how-to-become-a-thought-leader-online.html
•Book: The Two-Second Advantage by Vivek Ranadive, Founder of TIBCO
•Book: What Matters Now by Gary Hamel: http://www.amazon.com/exec/obidos/ASIN/1118120825/garyhamel-20
•Book: What Got Us Here Won’t Get us There by Marshall Goldsmith: http://www.amazon.com/What-Got-Here-Wont-
There/dp/1610660137
•Forum: Management Innovation Exchange – Time To Reinvent Management: http://www.managementexchange.com/