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 The truth is that many industries today employ outdated technology.

7 No-Fail Ways to Build a Successful Cost Management Strategy

The Kini Group

Frameworks like Zero Base Budgeting can also provide detailed analysis and deep visibility into costs that typically fly under the radar. Many managers don’t like to review their operations and budgets too closely. Unfortunately, if you want to cut costs, you’ve got to put fresh eyes on your budget. Technology can also help cut costs. Many technology solutions are helping teams do more, faster.

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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