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The CFO—Friend or Foe

Zafar Anjum | Aug. 14, 2012
Notes from the CIO Summit 2012 (Thought leadership breakout session 2)

He said that today, there is a consumerisation of BI and IT and he wondered why can't BI and business come together. He said he favoured a switch from report-centric architecture to business discovery architecture. He advocated Data Discovery (user driven and insight-driven) in place of traditional BI (top-down, IT-driven, data-centric, and Insight-blind).

He gave examples of companies like Adidas and Robinsons who are using Data Discovery in a big way to their advantage.

Enabling business transformation

 Peter Bocquet, regional director, collaboration and virtualisation technologies, APJ, Cisco Systems, presented a talk titled, 'Enabling Business Transformation'. The moderator for this session was Adrian Dominic Ho, principal, managed and telecom services, networking research, IDC Asia/Pacific.

Bocquet spoke about the importance of collaboration in our day and age and how it is a critical and a strategic priority. He spoke about video communication and said how it is only deployed in response to a crisis. Video is pervasive in personal life but not so in business life, he said.

He also pointed out that enterprises will use more videos in future as there will be more intelligent networks to distribute videos. Identifying the big drivers (for video) and building the foundation are the necessary milestones on the road to pervasive video.

The power of an event-enabled enterprise

Kevin Pool, CTO, Tibco Asia, shared his thoughts on 'The Power of an Event-enabled Enterprise'. According to him, an event-enabled platform proactively identifies opportunities and risks in real time and enables organisations to anticipate important events and initiate intelligent action. With the combination of event management, big-data, in-memory grids and real-time analytics, organisations can now leverage their investments to do more and faster with few resources.

He elaborated on the concept of the event-based business. Traditional IT systems are transactional, and they are query and cycle based. In contrast, the new IT systems are based on automation, event-processing, analytics, and social media.

The discussion was moderated by Craig Stires of IDC Asia/Pacific.

The CFO-Friend or Foe

 Increasingly, CIOs are experiencing a change in reporting structures from the CEO to the CFO. More than 30 percent of CIOs report to CFOs and this number is only set to rise.

In his presentation, Cort Isernhagen, vice president, IDC's Industry Insights-International, shared the latest research from IDC's CFO research and advised CIOs how to make a successful pitch to the CFO.

Isernhagen started off his talk with the contemporary global macroeconomic landscape. The situation is grim in the US and Greece, he said. There is 25 percent unemployment in Spain. Is it the worst decade worsening, he posed the question.

Then he moved on to his research findings. There are a couple of concerns that are top of the mind for CFOs in the next six months: rising cost of raw material and staff; market uncertainty; and limited access to cash.

 

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