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New data alchemy: top tech leaders transform data into cash

Lauren Gibbons Paul | May 28, 2015
Savvy CIOs in a variety of industries are generating additional revenue and value for their organizations by creating new data-driven products and services, a feat of IT alchemy wherein focus leads to financial reward.

"This was additional value for customers, the hospitals," said Stoller.

Summing up the panel discussion, Wixom said that data-based products give customers insights that can allow them to act more quickly. "This is about how fast we all need to be. You have to be fast and innovative," she said. As for the CIOs that are mining their data to serve this need, they are helping their companies change and adapt to new business realities while adding to the bottom line, a feat of alchemy indeed.

 

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