Inside Magazine - Issue 10

Article

Inside Magazine - Issue 10

CIO - October 2015

“Can disruption be planned?” is the question we asked ourselves when we selected the theme of this year’s CIO Edition of Inside. It is very exciting to know that information technologies will dramatically impact the way we live and we work, but nobody will be foolish enough to bet on what the future will look like, even in the short term. The collaborative economy, the Internet of Things, fintech, artificial intelligence, and robots, you name it, will profoundly reshape our business and operating models. The financial industry will be disintermediated, public sector clerks will be replaced by digital machines, the healthcare industry will employ robot surgeons, and individuals will use 3D printing to get spare parts, and so on.

So how do you plan for the future when you don’t have a crystal ball? Well…
You start by acquiring a clear understanding of the technologies behind all the buzz, demystifying them, what they are they meant for, and what they are not capable of. In this edition, we give some insights on the collaborative economy, the Internet of Things, open data, blockchains, and other popular concepts.

Then, you have to assess whether your information system is ready to digest and support disruptive innovation and the new operating models that come along—which is certainly not the case, unless you are born digital; but are you? Core system replacement, two-speed IT, and dematerialization of systems are transformational paths that we analyze for the financial services industry with a focus on the role of CIOs.

Finally, you have to become a venture capitalist, be prepared to take on the adventure and to make risky decisions, to invest or venture with start-ups, to completely rethink your business and operating models, and turn to small actors with high potential to be the unicorns of tomorrow’s economy. Of course, we have not forgotten your current concerns and hot topics, such as the impact of future EU regulation on data protection & privacy, how you can leverage the current datacenter trends to get competitive advantages, and how you can better manage your work force with the SaaS solution.

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