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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

CEOs and CFOs managing technology may not recognize tech debt building up in their SMBs—because it is not revealed in monthly variance reports or other accounting controls. That is patch management—a relatively straightforward process, 10 or 20 years ago. Please follow the steps below to turn off Remote Management immediately.

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Yes, Managing IT Is Your Job

Harvard Business Review

ERP systems, RFID , knowledge management, business intelligence) have washed over organizations. This trend toward ever more critical reliance on IT is not only transforming the idea and practice of corporate IT, but has disruptive operational implications for every manager. Similar waves of innovative applications of technology (e.g.,

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The C-Suite Needs a Chief Entrepreneur

Harvard Business Review

The Chief Entrepreneur will be responsible for managing a portfolio of entrepreneurs who experiment with new business models and value propositions. This is not a CTO role or a role that reports to the CEO. This means managing entrepreneurs who can navigate trends and market behaviors. Design/construct a space for invention.

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

Harvard Business Review

EIG is responsible for enterprise architecture, the center of expertise for simplification and integration methods, process and program management. The geographic dispersion that accompanies these opportunities frequently challenges traditional management-control systems and controllership. The New CTO: Chief Transformation Officer.

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

Harvard Business Review

Because no one is managing the store. The day-to-day financial activity within the organization is then executed by management and staff, who shoulder the responsibility — delegated to them by the enterprise as part of their job — to account for funds, both incoming and outgoing. They have remained, instead, CTO''s.

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

Harvard Business Review

On day one, because we did not yet have a general counsel, the company told me — the only ex-lawyer then on staff — to manage the IPO. Our co-founder and CTO, Danny Lewin, had suddenly turned from a struggling graduate student to a staggeringly wealthy man. So what actually happens inside a company on IPO day?

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