All Boards Need a Technology Expert

Harvard Business Review

Like almost every other major industry today, banking relies on hugely complex, enormously expensive technology. I discovered that only one bank had a board member with some direct experience in technology and in that case it was as a sales executive. Technology is the most important agent of change today; hardly any industry is immune to both its value-creating and disruptive potential. The truth is that many industries today employ outdated technology.

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

Harvard Business Review

It''s time for CIOs to move beyond their roles as chief technology officers, and embrace the name with all of its implications: Chief Information Officer. At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. They fulfill this role by delegating responsibility and establishing control systems such as budgets, directives, audits, and oversight to drive fiscal compliance.

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