APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    AI Healthcare

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Smart City

    Startup

    Unified Communication

    Wireless

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Dell

    IBM

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Full Stack Development

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Proptech

    RegTech

Menu
    • Capital Market
    • Compliance
    • IBM
    • Big Data
    • Unified Communication
    • Digital Infrastructure
    • Data Center
    • Salesforce
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Capital Market
    Editor's Pick (1 - 4 of 8)
    left
    Tech Strategy for Capital Markets and Other

    Jeff Roberts, CIO, HFF

    Transformations in Financial Technologies

    Jacob Sorensen, CIO, Bank of the West

    Innovations in Market Surveillance and Monitoring

    Dr.John Bates, CTO, Intelligent Business Operations & Big Data, Software AG

     Capital Markets Firms Looking for Low Friction Solutions

    Vic Winkler, CTO, Covata

    Interconnected Trust - The Digital Economy's Renewable Energy

    Rocky Scopelliti, Director at Optus Futurologist & Author, Youthquake 4.0

    Five Benefits of Open APIs + Marketing Automation

    Mark Bantique, Vice President, Head of E-Commerce, Security Bank Corporation

    Digitisation of Capital Markets

    David Heathcote, Global Head of Debt Advisory, KPMG

    Digital Disruption and the Future of Capital Markets

    Kenneth Lee, Head of Primary Bond Markets, Natixis Asia Pacific

    right

    From the Chief Information Officer to the Chief Innovation Officer : Leading the Digital Transformation

    Bjoern Goerke, CIO, SAP AG

    Tweet
    content-image

    Bjoern Goerke, CIO, SAP AG

    The drastic changes in the IT industry over the last five years are forcing us to come up with new, innovative ways to create business opportunities. In particular, CIOs are becoming more involved in what was once the province of only the CFOs.

    "Capital Markets should look at Big Data as a great opportunity to extensively expand and grow their ability to fulfill new needs"

    CIOs are expected to be on top of changes in capital markets, reduce the complexity and cost of managing infrastructure, and provide a new level of customized service through big data analytics. These help in company finances, including timely and accurate quarterly accounting. Disruptive innovation is a profound concept that defines a new era of technology that completely replaces the existing order. Today, Cloud, Big Data, and mobile technologies are driving us to rethink the future and embrace change. It is vital  that companies stay ahead of them in order to lead businesses towards change.

    In an era when innovation dictates the future, CIOs need to rethink how they balance their time, priorities, and resources.  on the one hand, we still consider our priority to ensure the security of IT systems. But on the other hand, we have never had a better opportunity to be more strategically close to capital markets and to have an impact on the company’s finances and vision as we have now.

    One of the most challenging tasks of a multinational company is to get a realistic picture of the company’s risks and xposures. In the wake of the Lehman Brothers collapse, accurate portrayal of risk became of paramount importance not only to banks but also other large companies spread across geographies. They had to manage their internal treasuries; they had to optimize how they were making use of commercial paper; and come up with strategies that limited various forms of exposure.

    Just as an example, let’s talk about how treasury management software can be of great help to large transcontinental  operations. While it is no cure for systemic failures and the credit crisis that brought Wall Street to its knees, treasury applications are being used today by large multinationals to more effectively manage cash and payment processes, ensure liquidity, and evaluate and manage their foreign exchange, interest rate and commodity risks.

    Many CIOs have stepped in to financial and reporting, harnessing the latest innovation in data analytics. Today innovation is top of mind for all CIOs.

    Driving Innovation

    The Cloud has inaugurated a new era – one in which major technology decisions can be made not just in the offices of the IT department and the CIO, but directly by line-of-business executives. Cloud technologies present a huge opportunity  or IT to establish and develop strong partnerships and collaborations with businesses.

    Cloud platforms provide the database and analytics that allow businesses to anticipate market trends, identify emerging risks, make faster decisions, accurately predict the future, and run their businesses like never before. Although the Cloud  and provide unlimited capabilities, there is a general problem with its adoption across Capital Markets. A lot of firms are nervous about losing control over their client and customer data. Cloud security involves different layers of protection of the information transmitted from users of the cloud to various systems that prevent unauthorized users to access stored data.

    CIOs in today’s capital markets industry have to ensure they are enhancing the efficiency of their IT operations and  improving customer relationship.

    Turning Big Data into Smart Data

    New technology accelerates decisions and enables new processes and insights that were previously unimaginable. The secret to success lies in successful and quick management of mountains of information—commonly known as Big Data.

    More data has been created by digital devices in the last five years than in the entire history of mankind. Today’s leading  tech companies offer a range of Big Data solutions and analytics. But huge changes are yet to come, especially in the fast-growing field of retail and consumer goods. An emerging middle class across the globe is creating a new segment of potential customers.

    Capital Markets should look at Big Data as a great opportunity to extensively expand and grow their ability to fulfill new  needs. Finding the right way to manage existing and shared resources will create breakthrough opportunities for businesses.

    Living When People Are Always On

    There are now more mobile phones in the world than people. The way information is created and consumed has dramatically changed, and businesses must consider these changes as they strategically upgrade customer engagement. This transformation involves getting closer to customers on a personalized level, delivering in real time with the greatest speed, and still maintaining the efficiencies of operations and resource management.

    Establishing peer relationships with customers has become an important part of the Chief Innovation Officer’s role in Capital Markets that is not focused just internally. Facing the external customers as well and acting as a strong advisor to the external business I try to improve the implementation of solutions and share best practices.

    The CIO’s New Role

    The role of the CIO in Capital Markets has shifted with the growth of these groundbreaking technologies. CIOs are no longer just IT supervisors. They are thought leaders, innovators, and social personae. It’s also critical to establish effective peer relationships with business executives to realize the full potential of the IT function.

    CIOs in today’s Capital Markets are also in charge of managing and optimizing IT investments. To do so effectively, we have to team up with CFOs. Supporting the company’s priorities along with CFOs, CIOs won’t find themselves under intense regulatory and cost pressures in this growing technology era any longer.

    Today, my job is to focus more on innovation than ever before. The grand name transformation from Chief Information Officer to Chief Innovation Officer is dictated by the changing tech world – and we hope the new emphasis on innovation, rather than simply information, will help us stay one step ahead of the competition.

    tag

    Big Data

    Financial

    Weekly Brief

    loading
    Top 10 Capital Market Tech Solution Companies - 2019

    Featured Vendors

    BAM Fintech

    Sam Leung, Co-founder & CIO and Terence Goh, Co-founder & CEO,

    Arkratos Blockchain Solutions

    Ashish Srivastava, Senior Vice President

    ON THE DECK

    Capital Market 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Agile Transformation Journey

    Agile Transformation Journey

    Sachin Nair, VP CIO, Khan Bank
    Meeting the IT Profitability Objective

    Meeting the IT Profitability Objective

    Steve Heilenman, CIO, Computer Aid Inc
    The Changing Landscape of Cyber Security

    The Changing Landscape of Cyber Security

    Scott Brandt, CIO & Director of IT, Texas Office of the Secretary of State
    Accelerating Petcare Innovation through CRM and Digital Vision

    Accelerating Petcare Innovation through CRM and Digital Vision

    Miao Song, Chief Information Officer, Mars Petcare
    How Cloud Systems are Impacting Business Environments

    How Cloud Systems are Impacting Business Environments

    Martin Stegner, CIO, NOVUM Hospitality
    Digital Tack

    Digital Tack

    Claus Nehmzow, Chief Innovation Officer, Eastern Pacific Shipping Pte
    Brokering the Cloud Services

    Brokering the Cloud Services

    Eric Boyette, Secretary & State CIO, Information Technology
    Defining a Cloud Strategy: A Higher Education Paradigm

    Defining a Cloud Strategy: A Higher Education Paradigm

    Russell M. Kaurloto, VP and CIO, Clemson University
    Loading...

    Copyright © 2022 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://capital-market.apacciooutlook.com/ciospeaks/from-the-chief-information-officer-to-the-chief-innovation-officer-leading-the-digital-transformation-nwid-881.html