Even in a tough economy, CIOs need to remain optimistic and continue to develop future leaders I’m not much of a believer in inspirational quotes or feel-good slogans. In fact, I’m inclined to make fun of them unless they’re funny to start with. Like the one: “Experience is what you get when you don’t get what you want.” If you’ve never visited Despair.com and cracked up over the Demotivators Calendar (“for the person who has everything but still isn’t very happy about it”), I’d recommend it as a refreshingly silly, five-minute mental health break. During one such break the other day, I came across a quote that crystallized what life in this current recession feels like, though with a welcome twist of optimism. “Life is a shipwreck,” wrote Voltaire, the 18th-century French philosopher, “but we must not forget to sing in the lifeboats.” As you read our cover story on “Forging Good Leaders in Bad Times,” you’ll catch a bit of that same lifeboat spirit coming from these future CIOs. This is a story about IT leadership development, based largely on the findings from our annual research and awards program to identify the “Ones to Watch” among your staff. This year’s group of 25 watchable IT executives is a savvy, deeply experienced crowd. The honorees were selected from over 100 nominees, the vast majority of which are Generation Xers. Some of our honorees have already moved on to better opportunities and they all see the double-edged sword presented by the current economy in honing their leadership skills. “I am using our current business challenges as a learning experience [for my staff], talking about the difficult decisions leaders must make to adjust to a changing environment,” says Risa Fogel, an IT executive in the real estate industry who recently moved from Realogy to Cushman & Wakefield. Yet as talent management falls to the bottom of the list for many companies today, this next generation of leaders is “developing whether you want them to or not,” as one management expert warned. And those who “self-select” into leadership roles aren’t necessarily qualified to forge ahead without guidance or mentoring. What our research for this story shows is that a shipwrecked economy is indeed giving the IT leaders of tomorrow some unprecedented opportunities to step up. What today’s CIOs must remember to do is keep that chorus going in the lifeboats. Related content feature Red Hat embraces hybrid cloud for internal IT The maker of OpenShift has leveraged its own open container offering to migrate business-critical apps to AWS as part of a strategy to move beyond facilitating hybrid cloud for others and capitalize on the model for itself. By Paula Rooney May 29, 2023 5 mins CIO 100 Technology Industry Hybrid Cloud feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers interview Stepping up to the challenge of a global conglomerate CIO role Dr. Amrut Urkude became CIO of Reliance Polyester after his company was acquired by Reliance Industries. He discusses challenges IT leaders face while transitioning from a small company to a large multinational enterprise, and how to overcome them. By Yashvendra Singh May 26, 2023 7 mins Digital Transformation Careers brandpost With the new financial year looming, now is a good time to review your Microsoft 365 licenses By Veronica Lew May 25, 2023 5 mins Lenovo Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe