CXOInsights by CXOCIETY

For many people in the supply chain ecosystem – from manufacturing on one end all the way to the consumer at the end other – the period of 2020-2021 is arguably one of the most tumultuous in modern history. If you think, however, that it's smooth sailing from here on, you will be disappointed. How governments are responding to the omicron variant of COVID-19, continued geopolitical tensions a...

The term “skills gap” refers to the bridge between the skills that companies need from their employees, and those that are actually available from workers. In the digital-first or digital-native era, this gap is fuelled by a combination of factors including advances of automation, AI and other technologies, along with candidates lacking the skills needed to interact with these new tech innovations...

According to Gartner: “Organizations are accelerating digital transformation processes for long-term growth and profitability. Yet: “53% of the organizations surveyed remain untested in the face of digital challenge and their digital transformation readiness therefore uncertain.” With us today is Elaine Zhou, CEO, CNEW International to share with us her views on the qualities that make up a stand-...

For decades industrial operations have used sensors to automate parts of the processes. In many cases, the automation was mainly in the collection of telemetry data. Most processes still required human interaction to push things along. In recent years, the convergence of IoT technologies with machine learning, artificial intelligence and cloud, along with automation, have raised the possibility of...

Leadership is a vital management function that helps to direct an organization's resources for improved efficiency and the achievement of goals. Effective leaders provide clarity of purpose, motivate and guide the organization to realize its mission.  A new Gartner survey reveals that HR leaders’ number one priority in 2022 will be building critical skills and competencies, with diversity, eq...

In an IoT ecosystem, you can interconnect multiple devices to the internet and to each other to process data and transmit it over a network. From controlling a home network to those that power gas lines, it is this connectivity to the Internet that makes IoT devices vulnerable to intrusion. It is estimated that 1.5 billion IoT breaches occurred between January to June of 2021, most using the telne...

A patch is a set of changes to a computer program or its supporting data designed to update, fix, or improve it. This includes fixing security vulnerabilities and other bugs, with such patches usually being called bugfixes or bug fixes. Patch Management is the process of managing a network of computers by regularly performing patch deployment to keep computers up to date. In today’s PodChats for F...

Any given project left to its own devices will likely run amok, its deadline for completion extended and therefore go over budget. Worst case scenario – the project is deemed a failure, some people get blamed, and so on. Of course, why this happens can be many reasons, including participants in the project having different priorities and interests, as well as lack of leadership oversight. Accordin...

As enterprises face increasing urgency to execute on digital initiatives, Gartner predicts that for 2022, cloud will be the centrepiece of new digital experiences . Successful IT leaders will pursue cloud-native platforms and practices to build and transform application portfolios in support of digital competitiveness.   Milind Goveka r, distinguished vice president at Gartner, said there is no bu...

The Open Risk Manual defines fraud risk as unexpected financial, material or reputational loss as the result of fraudulent action of persons internal or external to the organization. Deloitte noted that according to the 2016 ‘Report to the Nations’ by the Association of Certified Fraud Examiners , professional fraud examiners estimate that a typical organisation loses 5% of its revenue to fraud. I...

As business needs change, organizations must be able to deliver innovation quickly and adapt applications dynamically — reassembling capabilities from inside and outside the enterprise. To do this, organizations must understand and implement the “composable enterprise.” “Composable business is a natural acceleration of the digital business that you live every day. It allows us to deliver the resil...

Digital twins are detailed electronic models that use IoT technology to update the digitized model based on changes happening to the source object. Vishnu Andhare, a consultant with the Information Services Group (ISG), believes that IoT (IoT) digital twin technology will continue to mature rapidly because of the demand for this technology across many industries as well as the remote needs require...

Sustainability keeps climbing higher on company agendas across the globe. Enterprise leaders must wrestle with wide-ranging stakeholder and policy interpretations about sustainable business operations and development. They need to find ways to thrive in a dynamic landscape where global industry and business collaboration, society’s activism, and innovation acceleration drive climate and biodiversi...

Better business decisions happen when the right people have access to the right data at the right time.  However, Gartner cautions that building a data-driven enterprise is not just about encouraging the use of data in decision making. Data and analytics leaders must lead the development of the appropriate competencies and align work to be consistent with their enterprise’s ambitions for generatin...

One of the notable characteristics of the digital economy is the ability to trade from nearly everywhere at any time. However, the COVID-19 pandemic revealed just how vulnerable the world’s supply chains are to disruption. Coming into 2022, Gartner predicts that the risk landscape, future of work and digital business investment will significantly impact the Supply Chain agenda over the next year t...

Gartner defines an event-driven architecture (EDA) as a design paradigm in which a software component executes in response to receiving one or more event notifications. EDA is more loosely coupled than the client/server paradigm because the component that sends the notification doesn’t know the identity of the receiving components at the time of compiling. Adoption of EDA in Asia Pacific remains u...

The global packaging services market to reach $50 billion in 2022 – that’s according to the Smithers market report, The Future of Business Models in Packaging to 2022. The packaging industry may be traditional and still circle around the same materials – glass, paper and fibreboard, plastics, wood, and metal – but at the same time innovative business models are increasingly providing the catalyst...

As infrastructure and operations (I&O) moves toward integration and operations, various management and monitoring tools need to be brought under one comprehensive tool to better drive agility and business value.  Jeremy Hewitt, VP analyst for Gartner acknowledges that there might never be a true single pane of glass when it comes to I&O tools. Nonetheless, Gartner expects increased vendor...

In 2016, Microsoft pulled the plug on Tay (short for Thinking About You) a chatbot designed to mimic the language patterns of a 19-year-old American girl and to learn from interacting with human users of Twitter. According to Microsoft CEO, Satya Nadella, Tay was an important influence on how Microsoft is approaching AI ," and has taught the company the importance of taking accountability. It...

There remains a lot of interest in artificial intelligence, the opportunities it offers and the challenges it presents to companies looking to tap the potential. Christopher Lee Marshall, associate vice president for IDC Asia Pacific, says “AI is rapidly outgrowing its preliminary notion as the add-on service to business practices, and coming on strongly as a game changer in the way organizations...

Gartner predicts that by 2025, at least 75% of IT organizations will face one or more attacks, as free-rein researchers document a dramatic increase in ransomware attacks during 2020, pointing to sevenfold or higher rates of growth. One security specialist noted that ransomware attacks are often misunderstood, thought of as a single, isolated attack similar to the 2016 Wannacry event. The reality,...

COVID-19 changed how businesses operate. To some extent organizations have adapted to the conditions. Helping us get a better understanding is Abraham Thomas, managing partner, IBM Consulting, ASEAN. In this PodChats for FutureCIO, Abraham Thomas, managing partner, IBM Consulting, ASEAN, talks about the operational value of a virtual enterprise in the context of today’s rapidly expanding business...

XDR is a unified security and incident response platform that collects and correlates data from multiple proprietary components. The platform-level integration occurs at the point of deployment rather than being added in later. This consolidates multiple security products into one and may help provide better overall security outcomes. Organizations should consider using this technology to simplify...

“A cyber-attack can result in a prolonged disruption of business activities. Threats are constantly present and evolving in sophistication. We cannot afford to be complacent. Financial institutions must therefore remain vigilant and have in place effective technology risk management practices and robust business continuity plans to ensure prompt and effective response and recovery.” So noted Tan Y...

The recent Cybersecurity Strategy 2021 announcement recognised the need for a ‘’zero-trust’’ mind-set approach to protect organisations from new technological exploits and malicious actors. This couldn’t be timelier – the supply-chain and ransomware attacks over the past year on JBS, SolarWinds, the Australian Parliament and AXA highlighted that we’re now in a cyber pandemic, and existing cybersec...