“As you struggle with how to respond to digital disruption—the wave of new products, services, philosophies, complexities, and relationships brought about by new digital technologies—you may be tempted to try a new idea. You may be thinking that what you need to meet these new conditions is a role with a new title, such as Chief Digital Officer (CDO). If so, you may be wrong.

The notion of a central management group for innovation —- such as a CDO or Chief Innovation Officer -— has some merit. Such a leadership role can articulate a vision, and a strategy to get there. But once that vision is articulated, is a centralized structure really the best way to achieve it?”

Full Story (Source: Bank Systems & Technology)