article thumbnail

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

Harvard Business Review

Recent, well-documented examples include Progressive Insurance''s use of predictive modeling in the property and casualty insurance space and the many industrial manufacturing companies that are generating almost all their margin and profit from after-sale, value-added services based on information generated by embedded sensors.

article thumbnail

Uniting the Religions of Process Improvement

Harvard Business Review

For example, to improve customer satisfaction, an insurance company decided to focus on reducing the number of service requests over 30 days old from 40% to below 5%, which translated into activities in 30 departments. Most missionaries of the BPM religion come from a heritage in information technology.

article thumbnail

CMOs and CIOs Need to Get Along to Make Big Data Work

Harvard Business Review

At Nationwide, a global insurance company, the CMO and CIO host a dinner for their leaders each quarter with the explicit goal of building camaraderie and trust within their teams. The BIO must understand and translate business strategy into an IT enterprise architecture strategy and help guide technology investments.

CIO 8