To figure that out, the Society for Information Management's Advanced Practices Council invited a successful entrepreneur--Bryan Mistele, CEO and co-founder of Inrix--to a recent meeting. Seven years ago, Inrix was merely a dream. Today, it's a leading global provider of traffic information and services, helping drivers avoid major traffic delays. It has the largest traffic-information network in the world. Customers include Ford, BMW, Mercedes-Benz, Volvo, Garmin and Apple.

Here's what CIOs can learn from Mistele's entrepreneurial work.

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