The recent CIO Survey 2016 published by Harvey Nash & KPMG has described how the role of the CIO is changing for the better. Yet with more CIOs becoming board members, the impact of projects failing on their watch has never been more of a risk.
VUCA was introduced by the U.S. Army War College to describe the more Volatile, Uncertain, Complex and Ambiguous multilateral world which resulted from the end of the Cold War. The common usage of the term VUCA began in the 1990s and derives from military vocabulary. It has been subsequently used in emerging ideas in strategic leadership that apply in a wide range of organisations, including everything from for-profit corporations to education. VUCA is moving into the business environment, which includes, of course, insurance and financial services.