With the unrelenting pace of technology change and a host of new challenges and opportunities knocking on 2017’s door, CIOs know that risk-taking is par for the course in IT.
The Enterprisers Project asked eight technology and business leaders to share how they cope with risks and tips for taking smarter risks in IT.
Here’s what our CTO, Shahin Pirooz, had to say in their article:
“I’ve built my whole career on taking risks that others would not. As Thomas Edison said, ‘I have not failed. I’ve just found 10,000 ways that won’t work.’ I live by this mantra and look at failure as a learning opportunity rather than the negative connotation that society places on it. The reason people don’t take risks is that they are afraid of failure, I say embrace it and the wins are much more impactful than the safe wins.
That said, it is important to take calculated risks and not the shotgun approach. I think the only way to do this is to make informed decisions based on facts rather than lead by emotions. Facts only exist if you have information, information only exists if you collect data and analyze it. So, identify the information that are the levers that affect your business, collect it, analyze it and use it to make informed decisions about which risks to take and which ones to let lie.”