‘The best CIOs will be the CEOs of tomorrow’

They are the CIOs using the ‘Internet of Data’ to get a 360 degree view of the business, says Basil Botoulas of Hitachi Data Systems.

Basil Botoulas knows where the next generation of CEOs will come from – the ranks of current chief information officers.

“The best CIOs will be the CEOs of tomorrow,” says Botoulas, vice president and general manager, ANZ, Hitachi Data Systems.

While he points out that a number of technology companies now have CEOs who have this background, he believes this career ascent will also apply to CIOs in other sectors.

These are the CIOs that are currently working on data analytics pulled from the Internet of Things, he states, referring to the rise of connected devices.

“Analytics is the most important thing, that will make the difference [for businesses] going forward,” says Botoulas, who spoke at the Minter Ellison Rudd Watts’ Technology, Media and Telecommunications Summit in Auckland.

“It is the 'Internet of Data' that matters,” he says.“How do you focus on analytics, how do you use those analytics to deliver the outcomes?”

He believes the most successful CIOs are using analytics to “get a 360 degree view of the business, not just the customer or operational views".

“The delivery strategy around information technology is so important for the businesses’ vision and mission,” he states.

“The most innovative CIOs today are the ones embedded to their company’s mission and vision and how quickly they are taking those technologies to market.”

These CIOs relate the requirements of the market to adopt technology, and deliver tangible benefits to the business.

“All these are changing the demands on the IT department and they also need to evolve.”

They are bridging the gap between technology and the changing business environment, he states.

"CIOs are becoming advisers to the rest of the business on providing new capabilities on the use of technology from internal and external resources."

Deloitte: Tech trends outlook

In the same forum, Deloitte also released its technology, media and telecommunications trends that will be making the greatest impact in the next 12 months.

These include:

Drones taking off: Their principal uses will be around mapping, agricultural inspections, environmental management, infrastructure monitoring and research and rescue.

New Zealand retailers expanding through 'click and collect': This is driven by the convenience of shopping online. An estimated $3 billion is spent annually by New Zealand consumers in online purchases. There are opportunities in partnerships like Ebay partnering with Woolworths in Australia.

Contactless mobile payments finally gaining momentum: This is an ever increasing way of payments, exemplified by the Semble mobile wallet. Semble aims to extend its system include loyalty cards, public transport cards, ticketing and vouchers.

3D printing now a reality: The real revolution is for the enterprise market, not the consumer. New Zealand sectors that are set to win big with 3D printing include additive manufacturing and education.

The rise of the Internet of Things: 90 per cent of revenue generated from connected devices will be enterprise, not consumer.

Millennials spending big on media: Notwithstanding their reputation as digital pirates, this group will spend an average of $750 million a year on media content. The challenge is that piracy issues still persist in New Zealand.

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