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3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

It’s usually the job of a bank’s chief financial officer (CFO), chief risk officer (CRO), or chief technology officer (CTO) to oversee tech implementation. Or, they may be skeptical about whether it’s worth the cost, or the risk to a high-stakes profession such as finance.

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How Technical Debt Opens the Door to Cyber Attacks—and Steps to Protect Your Small Business

Strategy Driven

A senior global business and technology executive with more than 25 years of experience in IT, finance, operations management, and change leadership, he lives in Mason, Ohio. His new book is Tech Debt 2.0™: ™: How to Future Proof Your Small Business and Improve Your Tech Bottom Line.

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The C-Suite Needs a Chief Entrepreneur

Harvard Business Review

This is not a CTO role or a role that reports to the CEO. Communication will be key to this partnership because the CEO is the person who can help finance your future experiments. You do not work for the CEO, or alongside the CTO, CIO, and CFO. The candidate is someone with a passion for taking calculated risks.

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A Board Director's Perspective on What IT Has to Get Right

Harvard Business Review

IT-based management-control systems, starting with finance and human resources and including distributed-innovation systems, are critical to ensure the policies and governance guidelines are effectively implemented in geographically dispersed locations. The New CTO: Chief Transformation Officer. IT Doesn''t Matter (to CEOs).

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Yes, Managing IT Is Your Job

Harvard Business Review

Instead of thinking about driving value from the perspective of IT, or HR, finance, sales, or operations, leadership teams will think about a problem they want to solve or a process they want to change, and then align the full breadth of services (IT, HR, operations) needed to accomplish it. The New CTO: Chief Transformation Officer.

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Why Can't a CIO Be More Like a CFO?

Harvard Business Review

They have remained, instead, CTO''s. If the prospect of tackling the legacy problem is daunting, consider another finance-inspired concept: zero-based budgeting. CIO''s must re-invigorate the vision of 1987, when the inaugural issue of CIO magazine stated that, "information is a corporate asset to be managed by a top-ranking executive."

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To Be a Fly on the Wall at Facebook on IPO Day

Harvard Business Review

Our co-founder and CTO, Danny Lewin, had suddenly turned from a struggling graduate student to a staggeringly wealthy man. Akamai was so young, and the boom so frothy, that most employees had not yet vested any shares. His share of the company was worth over a billion dollars at the end of the day.

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