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How and when should CIOs deploy proof-of-concepts (POCs)?

WHITING — Here’s one way to recover from a pandemic. You cover your head in curlers and dress like your ethnic grandmother. You can also come as a witch, Santa Claus, or Mr. Clean, or ride an inflatable dinosaur. Those were among some of the characters in Friday’s Pierogi Fest Parade. Delayed one year due to the coronavirus, the parade returned with a cast of characters that included a bank president/CEO. “It’s great,” said Centier Bank’s President/CEO Michael Schrage. “We’ve been in a number of parades, and the crowds have really responded. This i...

Centier Bank plans to open a historical museum charting its 126-year-old history in its flagship branch in downtown Whiting.

close share links For many organizations, key performance indicators are “key” in name only, tracked primarily to meet compliance regulations or provide a retrospective analysis. What’s needed are smarter KPIs, said Michael Schrage, a visiting research fellow at the MIT Initiative on the Digital Economy. Work smart with our Thinking Forward newsletter Insights from MIT experts, delivered every Tuesday morning. Email Address As Schrage wrote in a recent article and accompanying report in Sloan Management Review , advances in machine learning and predictive algorithms can turn KPIs into p...

Here are the skills and behaviors you need to be an effective manager of digital business, and the four oversights to avoid.