WEBVTT 05f45ee6-2b3f-4e18-8573-2ef764b151b1-0 00:00:00.040 --> 00:00:02.600 Now, I'd like to take a moment to thank our 05f45ee6-2b3f-4e18-8573-2ef764b151b1-1 00:00:02.600 --> 00:00:05.800 Innovator sponsor BCG for their support of Dreamforce. 6ea91322-d86b-4705-9cdc-2b624bc8f810-0 00:00:05.800 --> 00:00:10.884 Joining me now is Rohit Nalgirkar, managing director and senior partner and 6ea91322-d86b-4705-9cdc-2b624bc8f810-1 00:00:10.884 --> 00:00:13.560 global co-lead of tech functions at BCG. 73edb1d0-c199-4317-ab95-1dade63d2138-0 00:00:13.560 --> 00:00:14.720 Welcome to Dreamforce. a960ca26-7d0f-4bd9-8a12-699311b6c586-0 00:00:14.920 --> 00:00:17.320 Thank you, Monica. Third day, we're having a great day. 34f73b12-9c43-41ad-9059-4c17de12970b-0 00:00:17.320 --> 00:00:21.574 So I would love to talk to you because you all are doing the IT spending pulse 34f73b12-9c43-41ad-9059-4c17de12970b-1 00:00:21.574 --> 00:00:24.267 report, and it's showing that cost control is now 34f73b12-9c43-41ad-9059-4c17de12970b-2 00:00:24.267 --> 00:00:26.959 rivaling as a top-growth priority for IT leaders. 23b76660-8b34-4501-9380-43cf549903db-0 00:00:27.280 --> 00:00:29.920 How are you seeing CIOs shift their strategies to 202b573d-5110-4257-87ae-3ea069a0a6dc-0 00:00:30.120 --> 00:00:30.480 to balance that? a1e77574-ed9b-4703-a0f2-605fc76cd68c-0 00:00:30.840 --> 00:00:36.640 Sure, wonderful to be here. CIOs have been living in this world, 32f6bced-a947-42b4-85d1-7c8848c001c2-0 00:00:36.640 --> 00:00:40.780 I call it a schizophrenic world, of pressure on reducing costs 32f6bced-a947-42b4-85d1-7c8848c001c2-1 00:00:40.780 --> 00:00:44.920 continuously but also now investing in the newer technologies. 69232584-b883-4ab6-a6e2-d0b63d326572-0 00:00:44.920 --> 00:00:48.800 But AI has just intensified this dichotomy even more. 9a2f3763-b680-4476-89b9-85aa5852ea0e-0 00:00:49.480 --> 00:00:54.435 And I think what they are doing is they are continuing to become more efficient 9a2f3763-b680-4476-89b9-85aa5852ea0e-1 00:00:54.435 --> 00:00:56.480 on their normal technology spend. 6b8cbb93-9b1c-41ef-a451-13b454cbfe99-0 00:00:56.880 --> 00:01:00.888 But at the same time, they found a new friend in AI tools where 6b8cbb93-9b1c-41ef-a451-13b454cbfe99-1 00:01:00.888 --> 00:01:04.207 AI can be a very big driver to drive the efficiency, 6b8cbb93-9b1c-41ef-a451-13b454cbfe99-2 00:01:04.207 --> 00:01:07.840 at the same time build new capabilities for the business. 7a393c8f-4f9f-4163-b7ba-5faa35429473-0 00:01:07.920 --> 00:01:09.840 That's important on the efficiency gains there. 5a872520-9402-42d5-857e-aaa97f3653c3-0 00:01:09.840 --> 00:01:13.785 So where are you seeing the most compelling opportunities for CIOs to lock 5a872520-9402-42d5-857e-aaa97f3653c3-1 00:01:13.785 --> 00:01:15.680 the value that they're seeing in AI? 29f25e82-b833-4f87-b379-18452eed9816-0 00:01:16.080 --> 00:01:16.200 Sure. 0423ea97-e543-4f91-9de7-cf6389e86fbc-0 00:01:17.440 --> 00:01:21.672 If you look at the shop that CIOs lead within their own technology function, 0423ea97-e543-4f91-9de7-cf6389e86fbc-1 00:01:21.672 --> 00:01:25.026 I think there are some areas which have become table stakes, 0423ea97-e543-4f91-9de7-cf6389e86fbc-2 00:01:25.026 --> 00:01:27.280 like the software development life cycle. ca2bc3e0-59db-4b5b-8241-ef0b8ee39cd3-0 00:01:27.480 --> 00:01:32.024 We're actually seeing 65% of the companies doing some experimentation and ca2bc3e0-59db-4b5b-8241-ef0b8ee39cd3-1 00:01:32.024 --> 00:01:33.560 some improvement in that. c6e3f9c1-ca2c-4b6c-8061-99e8c7b301d8-0 00:01:33.800 --> 00:01:36.729 We're seeing the usual suspects like IT help desk, c6e3f9c1-ca2c-4b6c-8061-99e8c7b301d8-1 00:01:36.729 --> 00:01:40.520 as well as some compliance areas, with very high experimentation. 556d1412-38a1-4a1e-b42e-b3e3ce1de938-0 00:01:40.760 --> 00:01:44.505 But I think the biggest value they're going to get when they tackle the 556d1412-38a1-4a1e-b42e-b3e3ce1de938-1 00:01:44.505 --> 00:01:47.366 difficult areas, like legacy technology modernization, 556d1412-38a1-4a1e-b42e-b3e3ce1de938-2 00:01:47.366 --> 00:01:49.760 that's where they're going to get more value. 14e472df-0ab2-4b92-96c3-39a7f1a7724a-0 00:01:50.040 --> 00:01:51.680 But this is all in the tech function. 04f26925-19ab-4936-a0ed-5e7475439b9a-0 00:01:51.680 --> 00:01:55.668 I think the biggest value they can add is, of course, on the business side, 04f26925-19ab-4936-a0ed-5e7475439b9a-1 00:01:55.668 --> 00:01:58.240 in the core, core functionality of the business. 61dfbeae-1b81-4258-be99-3fd27d3d9ff0-0 00:01:58.360 --> 00:01:59.720 Yeah, that's super key. 9c13e884-b476-4177-a6f2-aa356157df2a-0 00:01:59.760 --> 00:02:03.640 And so how is the role of the CIO evolving in this environment? 2c30c78a-0614-42f5-91ed-4e185a88eb19-0 00:02:04.000 --> 00:02:06.800 Yes, the CIO role is a very interesting one. 6661f929-fba0-441e-8115-b908caf4d867-0 00:02:06.800 --> 00:02:10.160 I think they have to have so many hats all at the same time. d174c7b4-4877-4a24-bc59-10b403ff2609-0 00:02:10.600 --> 00:02:15.920 And in this new intensified world, I think they have to do three things. 178db72c-8c72-477b-9c74-79e4fc596ab9-0 00:02:15.920 --> 00:02:19.526 I think, number one, they have to be the biggest cheerleader 178db72c-8c72-477b-9c74-79e4fc596ab9-1 00:02:19.526 --> 00:02:24.198 for technology, what AI can truly be, and show that to all of their colleagues 178db72c-8c72-477b-9c74-79e4fc596ab9-2 00:02:24.198 --> 00:02:25.439 and business leaders. 82ecb0d2-04ca-4379-a990-3ad74c30dfa1-0 00:02:25.920 --> 00:02:28.480 I think number two, they have to walk the talk. 366da433-2ff6-4431-8dbc-c1385dc3a9ed-0 00:02:28.480 --> 00:02:31.288 They cannot just talk about how AI is great, 366da433-2ff6-4431-8dbc-c1385dc3a9ed-1 00:02:31.288 --> 00:02:36.468 but show how AI can truly change in their own technology function but also helping 366da433-2ff6-4431-8dbc-c1385dc3a9ed-2 00:02:36.468 --> 00:02:37.279 the business. fa5b1c87-721a-4550-8025-af4c14294bd6-0 00:02:37.760 --> 00:02:42.721 And then last but not the least, I think it is truly about making a fa5b1c87-721a-4550-8025-af4c14294bd6-1 00:02:42.721 --> 00:02:46.880 difference to the day-to-day lives of its own employees. b88880bb-40b9-4559-8d86-4321bb8f3dde-0 00:02:46.880 --> 00:02:49.985 Like making sure AI is not seen as a threat, b88880bb-40b9-4559-8d86-4321bb8f3dde-1 00:02:49.985 --> 00:02:55.022 but truly as a best friend that people can use to accelerate themselves. b88880bb-40b9-4559-8d86-4321bb8f3dde-2 00:02:55.022 --> 00:02:55.920 Humans and AI 9e3086fd-d7d9-4dd7-9af7-2e8d1fac8543-0 00:02:55.920 --> 00:02:56.320 together. 40f585ee-82b0-4cf4-810c-c9597824aae3-0 00:02:56.320 --> 00:02:57.440 We're saying that all week. ac9de5f2-8107-46d6-bbcc-50b21e59ad97-0 00:02:57.440 --> 00:03:00.298 So, the race for top talent is intensifying, ac9de5f2-8107-46d6-bbcc-50b21e59ad97-1 00:03:00.298 --> 00:03:00.680 right? 398374df-43fb-472b-ab86-6430e18a7a36-0 00:03:00.680 --> 00:03:04.520 So what should CIOs do now to prepare their teams for what's coming next? c0012bf8-659e-4a7a-9ea0-8e26351d2190-0 00:03:05.360 --> 00:03:07.400 Well, that is a very long answer. f297af51-a3e7-41b3-bf92-82af7d074ba1-0 00:03:07.760 --> 00:03:12.720 Talent is going to be key, and it's going to be scarce and so on. 0ade82fe-d629-4200-8c77-7f7584bcc21f-0 00:03:13.160 --> 00:03:17.814 I would say, you know, it's, number one, when we think about talent, 0ade82fe-d629-4200-8c77-7f7584bcc21f-1 00:03:17.814 --> 00:03:23.211 it's not just the technology skills of, are they well-versed in all of the best 0ade82fe-d629-4200-8c77-7f7584bcc21f-2 00:03:23.211 --> 00:03:26.651 technologies, but I would say also hire people and 0ade82fe-d629-4200-8c77-7f7584bcc21f-3 00:03:26.651 --> 00:03:29.080 train people for the right attitude. b6f8b6ac-4bd2-454c-8c80-91acf2c05965-0 00:03:29.360 --> 00:03:33.312 And I would say adoptability, somebody called it adoptability quotient, b6f8b6ac-4bd2-454c-8c80-91acf2c05965-1 00:03:33.312 --> 00:03:37.869 is going to be the most important thing. Because what I learned three weeks ago is b6f8b6ac-4bd2-454c-8c80-91acf2c05965-2 00:03:37.869 --> 00:03:40.120 already probably obsolete. With AI, yeah. e40b43b5-4661-44fb-9954-741ee03c05b2-0 00:03:40.120 --> 00:03:43.991 So we need people who are skilled, but we need people who are able to adopt e40b43b5-4661-44fb-9954-741ee03c05b2-1 00:03:43.991 --> 00:03:45.520 and change very, very quickly. 21e78307-796d-4463-9a65-f795c35972ec-0 00:03:45.520 --> 00:03:48.336 So for me, focusing on those two areas and then 21e78307-796d-4463-9a65-f795c35972ec-1 00:03:48.336 --> 00:03:51.623 truly getting the best talent on your biggest problems, 21e78307-796d-4463-9a65-f795c35972ec-2 00:03:51.623 --> 00:03:53.560 that to me is what unlocks value. 3d51f41f-3e0b-46ea-bf0d-a6ad1d6604e3-0 00:03:53.920 --> 00:03:56.222 Great points, and I know everyone watching is going to 3d51f41f-3e0b-46ea-bf0d-a6ad1d6604e3-1 00:03:56.222 --> 00:03:57.520 learn a lot from your insights. d62425d9-7853-47c9-8aed-ac2804d04d25-0 00:03:57.520 --> 00:03:59.960 Thank you again for being here and for being a sponsor for us. 4021f55f-c8f4-463b-bc8e-04b0fa907c27-0 00:04:00.080 --> 00:04:01.280 Thank you guys for watching. a8e7eacf-f2fe-4e51-9f77-5c67cff8df5d-0 00:04:01.480 --> 00:04:02.160 Thank you, Monica.