In an era where software is undeniably shaping the destiny of businesses, echoing Marc Andreessen's assertion
that "software is eating the world," McKinsey emphasizes an
extended reality: "every company is a software company." (source:
McKinsey Digital) While not every entity is a software company per se, the impact of software on businesses cannot be
overstated.
Businesses are not merely incorporating software into their operations; they are looking for value and innovation, yet
they are entangled in a struggle for survival within the rapidly evolving technological landscape. The truth is,
software is devouring businesses as much as it empowers them.
It's not just about having software as a component; it's about leveraging it strategically to drive innovation, create
value, and ultimately secure a competitive edge. Yet the scarcity of top-notch, experienced, and specialized software
and technology skills is an increasing concern and business issue.
The value lies not just in theoretical knowledge but in individuals with broad yet deep skills who have
rolled up their sleeves and done the work.
This scarcity serves as a stark reminder of the pressing need for business leadership that can adeptly navigate, build,
and sustain enterprises where software is not just a tool but a central driving force. It's about leaders who understand
the intricacies of the technology landscape, have hands-on experience, and possess the vision to harness software for
transformative outcomes.
A recent [MIT CISR article](https://cisr.mit.edu/publication/2024_0101_TechLeaderTime_WeillWoernerEvans) delves into the
time allocation of technology leaders in high-performing businesses. While it
doesn't explicitly correlate the change in time allocation with superior business performance, a plausible hypothesis
emerges. Could a meticulous focus on the technology function and its hygiene, coupled with close collaboration among
peers, be the
linchpin driving organizational success?
The core responsibilities of a technology leadership role must encompass continuous innovation, change and improvement
but not at the expense of risk
management, cyber security, and the operational intricacies required to leverage data and technology. Exceptional
leaders understand that expertise, unwavering focus, continuous investment and technology evolution are
indispensable for comprehending and
mitigating the underlying risks within an organization's unique technology environment, including cyber security and the
risk of technology and innovation stagnation.
Top-performing organizations distinguish themselves by having leaders who adeptly manage technology risks while
fostering innovation and driving transformative change. The question arises: in a landscape where McKinsey posits that
every business is a software business, how many are actively identifying and managing technology risks as enterprise
risks? The answer lies in the depth of experience and proficiency in software, technology, and cyber-security
leadership.
For businesses to thrive in a world where software permeates every
aspect, cultivating and
sustaining robust technology leadership capability is non-negotiable. The success of a company is intricately
tied to its
ability to manage the ever-evolving technological landscape.