Investment Priorities for the Transformative CIO

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Aug 24, 2022

In this discussion, Tim Chester, VP of IT and CIO at the University of Georgia, shares insights from over two decades in higher education. Carrie Rasmussen, CIO at Ceridian with 20 years in enterprise leadership, offers her expertise on budget management. They explore the delicate balance between innovation and cost-effectiveness, emphasize the importance of reallocation strategies during financial challenges, and discuss the necessity of investing in human capital and technology to thrive in hybrid work environments.

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INSIGHT

CIO Role Requires Business Acumen

Technical skills alone are no longer sufficient for CIO success; business acumen and emotional intelligence matter more.
Leaders must understand lean principles and process management alongside engineering.

ADVICE

Focus Spending on Differentiation

CIOs must ensure transparency and track where their IT budgets go for alignment.
Invest in technologies that differentiate and drive business growth, not just operational parity.

ADVICE

Harvest Inefficiencies for Growth

Identify and eliminate inefficiencies to free up budget for critical growth areas.
Automate manual workflows to improve security, compliance, and employee productivity.

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Spending money is easy when investment opportunities are everywhere, but it’s harder to predict if something is worth the cost. In this episode, IT leaders from the public and private sectors tell us about the times their investments paid off—from new technology to the employee experience. You’ll hear advice from Tim Chester, VP of IT and CIO at the University of Georgia, and Carrie Rasmussen, CIO at Ceridian, on how to keep pace with the increasing demand for digital transformation, and much more.

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Quotes

“Frankly, it’s time to invest… AI machine learning and science hires are key, and we're investing in our high-performance computing to support faculty in those important fields.” - Tim Chester, VP of IT, CIO, at the University of Georgia

“We do have to put certain initiatives on the back burner, but more importantly, we are being asked how do we take inefficiencies and repurpose them so that it's not a budget cut, but a reallocation of funds through proper harvesting.” - Carrie Rasmussen, CIO at Ceridian

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Time Stamps:

* (1:46) Meet Tim and Carrie, and learn about their roles

* (5:35) How to priortize spending and when to reallocate funds

* (20:54) Peer leadership advice for discussing budgets

* (23:32) Investing in human capital with DEI efforts

* (35:40) Tim and Carrie ask each other questions

* (35:40) Secrets every CIO should know

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Sponsor

This podcast is brought to you by Asana. Asana is a leading work management platform that empowers teams to orchestrate their work — from daily tasks to big strategic initiatives — all in one place. By enabling the world’s teams to work together effortlessly, Asana helps organizations of all sizes and industries achieve their goals, faster. Learn more at Asana.com.

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Links

Connect with Ian on LinkedIn
Connect with Tim on LinkedIn
Connect with Carrie on LinkedIn
Learn more about the University of Georgia
Learn more about Ceridian
Learn more about Caspian Studios

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