IT - CxO

"Being a successful CIO means excelling with technical prowess, business acumen, and customer centricity...

At Adobe Summit, I participated in a panel discussion with Accenture CIO Andrew Wilson and Intuit CIO Atticus Tysen, to discuss the evolving role of the CIO with enterprise digitization.

In addressing what it takes to be a successful CIO, insights spanned across three key areas: technical prowess, business acumen, customer centricity..."

FBI: Cybercrime Losses Doubled In 2018
Dark Reading, May 8th, 2019

"The world has embraced digital technology, but cybercrime is putting a serious dent in corporate finances, the FBI finds.

Last year, according to the FBI's "2018 Internet Crime Report," reported damages from cybercrime nearly doubled to $2.7 billion, and roughly half of that amount stemmed from business email schemes that zeroed in on wire transfer payments..."

"What is robotic process automation (RPA)? What kinds of tasks can it handle? Here's a primer for IT and business leaders - and anyone needing to demystify the concept...

If 'machine learning' sounds like the beginning of a bleak dystopian future - think The Terminator mixed with The Matrix - then 'robotic process automation' must be the phase when the machines rise up to rule humankind with ruthless efficiency..."

"In Edward Marx's view, the future of healthcare and the future of IT are inextricably intertwined.

'Without technology there's no way to move the needle' toward the bigger goal of improving care while also lowering costs, says Marx. A veteran executive who has won numerous awards for his technology leadership, Marx joined the Cleveland Clinic as CIO in 2017 with a mission to revolutionize the quality of patient care..."

"IoT, RPA and blockchain stand out because of major leaps in ranking and continued dominance...

It's difficult to know what technologies are worth pursuing, but companies too cautious about adopting a new innovation could lose out to competition.

Certain technologies are outperforming the rest in terms of digital transformation. A technology usually hits a plateau after a successful market penetration, with a lifecycle punctuated by highs and lows along the way..."

"Microsoft's recent dropping of its maximum password age default renews the debate over forced password changes. Here's why you should continue to expire passwords...

Microsoft's April 24 decision to remove the 'Maximum Password Age' (forced expiration) default from Microsoft Windows has sparked a lot of discussion. The default (and recommended) maximum password age had been 45 to 60 days, depending on the OS version. Removing the forced expiration default follows the recent National Institute of Standards and Technology (NIST) recommendation not to require a password change until you know a password has been compromised..."

"C-level executives - who have access to a company's most sensitive information, are now the major focus for social engineering attacks, alerts the Verizon 2019 Data Breach Investigations Report. Senior executives are 12x more likely to be the target of social incidents, and 9x more likely to be the target of social breaches than in previous years - and financial motivation remains the key driver..."

"Organizations across all industries should have a data governance strategy in place. Why is this so important - and what goes into a good plan? Everybody knows data is essential in business today, but handling it effectively and ethically is no easy task. That's where data governance comes in.

In 2017, a survey by First San Francisco Partners indicated that just under 50 percent of survey respondents had a data governance strategy in place. Let's take a look at why that number should be a lot higher..."

"For Bernie Gracy, the culmination of 20 years of speaking experience came last fall when he stepped on stage in front of 7,000 people at a Amazon Web Services Inc. conference in Chicago last summer.

'This old dog had to learn some new tricks for that one,' said Gracy, chief digital officer at Agero Inc., a provider to roadside assistance and claims management services to the auto and insurance industry. But having to squeeze a 15-minute talk into eight minutes is all part of the expertise that Gracy said pays off handsomely for him and his employer in the long run..."

"State IT leaders need to be dynamic, flexible and cultivate relationships with their governors and lawmakers.

Last year, the National Association of State Chief Information Officers fully embraced a new model for state CIOs known as 'CIO as a broker,' in which CIOs would broker procurement for products and services with state agencies rather than acting as mere fulfillment agents and technologists. But what does that mean in practice? ..."

Digital vs. Digitized: Why CIOs Must Help Companies Do Both
The Enterprisers Project, May 8th, 2019

"Successful companies in the digital economy will be both digital - to provide customer value - and digitized - to provide scale and efficiency. Here's how CIOs can tackle these dual challenges...

Digital technologies, such as social, mobile, analytics, cloud, internet of things, artificial intelligence, and blockchain, are changing the competitive landscape. In doing so, they are providing new opportunities - and requirements - for CIO leadership. But digital leadership is harder than it looks. In particular, it involves recognizing two very different but complementary ways that digital technologies can transform a business..."

"Senior executives are prime targets for social-engineering attacks as cybercriminals continue to seek greater financial gain, according to Verizon's "2019 Data Breach Investigations Report" (DBIR).

The 12th edition of the DBIR includes data from 73 contributors - the most since its inception. Verizon's 78-page analysis was built on a total of 41,686 security incidents from 86 countries; of these incidents, 2,013 were confirmed breaches. Researchers found some trends remained consistent from past years, while others indicate shifts in cybercriminal tactics, goals, and priorities..."

"Companies with transformative digital strategies are well on their way to freeing themselves from the costly burden of legacy systems...

Recent IDC data shows that 76 percent of companies that are disruptors in their industries plan to replace legacy applications in the next five years, with almost half replacing legacy systems in the next 24 months. Many of them are doing so by moving functionality to the cloud..."

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