Need and purpose of adopting 3A strategies by CIOs

Amidst the uncertainties of the unprecedented pandemic, major concern of businesses shifted towards ensuring safety and well-being of its employees while maintaining business continuity by re-drafting strategies. It became critical for the company’s C-suite executives to help its employees adapt to the new normal of working like remote or hybrid operations by leveraging modern-day technologies. The changing scenarios highlighted need for the top technocrats of the company, the Chief Information Officers (CIOs), to adopt the revolutionizing 3A strategies and bring in a digital revolution by exploiting cutting-edge technologies and the Gig economy.

Explaining 3A strategy

The three ‘A’s in the 3A strategy refers to three phenomenal areas that companies should focus on to stay relevant in the modern-day business scenario – automation, analytics and Artificial Intelligence (AI) strategy. The top leadership, especially the CIOs, should embrace these strategies to leverage digital technologies and get desired results backed by data. Businesses are gradually realizing that the combination of the three strategies is the key to achieve best results and the deployment of the 3A strategy in a cloud-first model. Besides, 3A strategy ensures agility and enable data-driven decision making. The 3A strategy also helps in anticipating and responding to customer needs, effectively delivering on the brand/product promise, and helps in complying with regulatory needs and overcoming compliance risks.

Rising Gig economy for tech professional

In pursuit to successfully implement the 3A strategy and take out the best out of it, CIOs these days are also putting renewed focus on the Gig economy, which is mutually beneficial for both the businesses and the tech professionals. This strategy to utilize short-term contract or freelance works significantly saves overhead costs on office spaces and equipment and provides greater recruitment flexibility. This also helps the young workforce with the ability to charge a premium for a gig and in many instances earn more than a regular salary-based contract.

Technologies transforming modern businesses

Any strategies for business transformation in the present scenario is technologically-driven and effective CIOs are making the best out of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), Extended Reality (XR) which includes Augmented Reality (AR), Virtual Reality (VR) and Mixed Reality (MR), blockchain, 5G and voice enabled smart infrastructure.

Further, the CIOs have been constantly chalking out strategies to train the employees and resources to work with data. Data contains key information like customer behavior, industry trends, growth statistics, etc., making it the most important asset of an organization. The fast-paced digitalization of business operation has boosted the relevance of data in company’s decision-making process. Here comes the role of CIOs in leveraging data by combining historical data with statistical modeling, data mining techniques, and machine learning (ML) to make smart decisions.