CXOInsights by CXOCIETY

What do firewalls, intrusion detection systems (IDSs), virtual private networks (VPNs), and network traffic encryption and authentication have in common? They are network security measures designed to protect the enterprise’s perimeter from external attacks. What they do not do is protect an organisation from vulnerabilities from within like poorly designed business applications. As organisations...

We all make mistakes and even in the era of digital transformation, business and finance grudgingly accept the reality. However, when it comes to information security, the preference is to minimise the mistakes because the repercussions can range from fines to revenue loss, to even a right to do business. Daniel Chu, Director of Systems Engineering at ExtraHop Networks, shares his opinion, experie...

One of the conclusions of the Cisco 2021 Security Outcomes Study for APJC is that organizations that proactively upgrade technology report more security success, how this translates into the importance of software and cloud-first strategies is the subject of our Podchats for FutureCIO for today. Kerry Singleton, Managing Director, Cybersecurity, APJC, for Cisco, talks about the on-going cybersecur...

Like many industries everywhere, Singapore’s insurance industry had to pivot in 2020. From an industry that nearly stood still in the first half of 2020, it managed to find its footing in the second allowing the life insurance subsector, for example, to register 3% growth in the fourth quarter of 2020, despite the pandemic’s continued to hold in the city. Described as an insurance cooperative prov...

Organisations obtain competitive edge by building expertise in data management to fuel their business strategy.  G2 predicts that in 2021, data-driven leaders will be reassessing their data management strategies due to the evolving technology environment. Organizations will prioritize investments in scalable data platforms to effectively secure, govern and analyze data across business functions th...

Enterprise Resource Planning or ERP applications have come a log way from the early systems used in manufacturing in the 1960s. Gartner forecasts the global ERP marketplace to reach US$44 billion by 2022.  Accenture says securing and building the capability to take advantage of modern ERP solutions will be a key enterprise challenge. To tackle the issues of business needs versus technical capabili...

Blackline recently published a report titled, Finance & Accounting: in a Post-COVID World: Navigating the Changing Landscape. The report noted that 43% of respondents to the study say their organisations have become more focused on scenario planning and stress testing as a result of the pandemic. Speaking to FutureCFO on the topic of Bridging the confidence gap in financial data is Terry Smagh...

Tax management is a challenge for many organisations because how the finance function manages it can mean either an expensive exercise or an opportunity to save money. The operating conditions caused by COVID-19 has also added both constraints as well as new opportunities for organisations looking to come out of the pandemic at the top of their game. In this episode of PodChats for FutureCFO, we s...

Digital disruption continues to be a pre-occupation for financial services institutions in Asia. China may have led the region in terms of the digitalization of certain elements of financial services, for example, lending, insurance, and payments, but the ASEAN countries are not far off. The COVID-19 pandemic has accelerated this race to transformation and in the process changed the way people wor...

In the report, 2021 Strategic Roadmap for Edge Computing , Gartner analyst Bob Gill wrote that Edge computing is entering the mainstream as organizations look to extend cloud to on-premises and to take advantage of IoT and transformational digital business applications. Infrastructure & Operations (I&O) leaders must incorporate edge computing into their cloud computing plans as a foundatio...

“One of the challenges operators face is simply the need for speed, driven by the increasing bandwidth consumption to new applications such as e-commerce, e-gaming and video streaming,” said Dion Leung, managing director for ASEAN, Ciena, comments  

“Experiencing any kind of service disruption or latency issues will inevitably affect the overall experience for any internet user, especially during a time where there is a greater dependence on digital products and services. Networks might be pushed past their limits if they don’t address the key issue of efficient resource allocation during peak periods of use,” said Dion Leung, managing direct...

“Network resiliency has become an increasingly important aspect to ensure reliable broadband connectivity. At the end of the day, consumer satisfaction is directly correlated to their experience of any kind of service disruption. It is important that operators consider network reliability and resiliency as early as possible during the budgeting cycle and the initial network design phase,” said Dio...

As enterprises continue to push the envelope of digital transformation, they also embracing the Internet of Things or IoT. Many IoT devices are built from standalone technologies that tend to fragment processes and information across the enterprise value chain.  Today CIOs are revisiting the IT-OT convergence IoT continues to get immersed into the enterprise fabric, and in the process reveal its p...

Analysts are predicting the digital economy to accelerate recovery. IDC forecasts that over 65% of the APAC GDP to be digitalized and spending to hit US$ 1.2 trillion between 2020 and 2023. One such forecast from Datacentrepricing estimates that there is one square metre of data centre for every 522 people in the Asia Pacific region, with hubs such as Australia, Hong Kong, and Singapore having a n...

That this remains true today is sadly reaffirmed in the results of a survey conducted by Vanson Bourne in the fourth quarter of 2020. Coming from enterprise banking, investments, crypto, insurance and fintech organisations, 87% of Asia Pacific respondents acknowledged that they consciously choose to violate laws and incur anti-money laundering fines “all the time”, “regularly” or “occasionally”. S...

Financial crime and IT are two things we don’t usually connect together. Typically, financial crime is something I’d happily discuss with the CFO and finance team. But given the amount of technology used at businesses today and the technologies available to the finance team to fight financial crime, perhaps today is a good day to discuss financial crime from the perspective of the CIO. In this Pod...

On 12 January 2021 , the enterprise performance management solutions provider for Financial Planning and Analysis (FP&A) revealed that the company had received an injection of US$100 million from venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. Mark Velthuis, president for Asia-Pacific and Japan at Jedox, says E...

On 12 January 2021 , the enterprise performance management solutions provider for Financial Planning and Analysis (FP&A) revealed that the company had received an injection of US$100 million from venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. Mark Velthuis, president for Asia-Pacific and Japan at Jedox, for AP...

On 12 January 2021 , the enterprise performance management solutions provider for Financial Planning and Analysis (FP&A) revealed that the company had received an injection of US$100 million from venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. Mark Velthuis, president for Asia-Pacific and Japan at Jedox, says t...

On 12 January 2021 , the enterprise performance management solutions provider for Financial Planning and Analysis (FP&A) revealed that the company had received an injection of US$100 million from venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. Mark Velthuis, president for Asia-Pacific and Japan at Jedox, acknow...

Invoice factoring or the practice of selling receivable-invoices to a third-party at a discount in exchange for getting the cash now is a legitimate option for businesses that know they cannot rely on banks or governments to keep them afloat. Why should a chief financial officer be interested in invoice factoring is the subject of PodChat for FutureCFO’s dialogue with Morgan Terigi, co-founder and...

IDC acknowledges that in some sectors of the global server market, there is a noticeable shift from buying infrastructure for own use as opposed to paying for computing resources from the data centre and cloud service providers.  "We certainly see areas of reduced spending, but this was offset by investments made by large cloud builders and enterprises targeting solutions that support shiftin...

Today, CTOs are the drivers of a company’s transformation strategy. They create new business models and digitise products—and they look after human resources and budget. As we begin the new year framed with the continuing disruptions brought about by the COVID-19 pandemic, we revisit the CTO role from the perspective of a practitioner and ask what have we learned in 2020 and what can executives in...

Business agility is the capability of a company to rapidly change or adapt in response to changes in the market. The concept is centred around handling operations and resources in a flexible, responsive manner to drive maximum business value.  One of the least understood, least discussed tools for enabling this agility is an event-driven architecture (EDA). It has appeared in a few other names in...