CXOInsights by CXOCIETY

The role of the Chief Information Security Officer (CISO) is growing, and the scope of digital business intensifies. Among board directors, 64% say their organization is trying to significantly alter its economic architecture to put more emphasis on digital (revenues, margins, productivity, etc.). At the same time, 88% say they recognize cybersecurity is a risk to the business. A great CISO has th...

Shifting customer behaviours amplify uncertainty, burdensome cross-functional collaboration yields worse organizational outcomes, and disruptive market dynamics erode traditional sources of brand value. These are some of the challenges facing heads of marketing as we enter 2023. Gartner says customer demand and buying behaviours continue to fluctuate unpredictably amid pandemic waves, supply chain...

The prevalence and severity of mobile-related compromises continues to escalate in 2022. Perhaps even more interesting is that small and medium-sized businesses perceived the risk to be more significant compared to those from larger organisations (73% vs 60% respectively). On a more positive note, the rise in cyber threat awareness has also seen a rise in cybersecurity budgets among 77% of respond...

We’ve had two years of experiences dealing with unrelenting uncertainties. Some have come out stronger, others not so much. As we prepare for the new year, we continue to face uncertainties but with expectations that we are better prepared for what lies ahead. Or are we? With us, today on PodChats for FutureCIO is Amit Walia, CEO of Informatica – a software company best known for its Enterprise Cl...

According to Check Point Research , global attacks increased by 28%in the third quarter of 2022 compared to same period in 2021. The average weekly attacks per organization worldwide reached over 1,130. Complicating the situation is the talent shortage, especially for experienced cybersecurity professionals. According to the 2022 Cybersecurity Workforce Study by ISC(2) there is a shortfall of 2.2...

Hiring and retaining staff is the most difficult task facing CFOs over the next 12 months, according to a survey from Gartner. This is also reflected in CXOCIETY’s FutureCFO summits held in five key markets in Asia including Hong Kong, Indonesia, Malaysia, the Philippines, and Singapore. Gartner posits that the tight labour market is part of a trifecta of factors including persistent inflation and...

Exponential technologies such as artificial intelligence (AI), blockchain, and automation have sparked the next wave in enterprise transformation, offering both challenges and opportunities for the enterprise.  As enterprises look to embrace these technologies, CFOs and finance organizations are uniquely positioned to take their current roles of stewards of data, algorithms of measurements, and va...

Southeast Asia has for decades been an export manufacturing hub to the world competing with another powerhouse manufacturer in the region – China. But with the US-led trade tension with China, Southeast Asia or the ASEAN region is presented with a golden opportunity to take a bigger slice of the manufacturing demand in the years ahead. Of course, to do this most of the ASEAN member nations must mo...

Challenging may be the appropriate word to document the environment that will greet businesses in 2023. We are faced with continuing supply chain shortages, a war in the West that promises to keep energy costs for the immediate future, and rising inflation – not to mention the shadow of a pandemic that mutates too frequently to offer respite for governments, citizens and businesses. In the book, &...

Insider Intelligence posits that there will likely be 64 billion deployed IoT devices worldwide within the next five years. However, expectations are that beyond smartphones and computers, many other IoT devices will not carry the same level of security precautions – at least not in the near term. It is further expected that IoT devices and sensors will form part of the digital ecosystem. This sug...

With Asia on the course of economic recovery following over two years of volatility arising from multiple crises seemingly contriving to pose unrelenting challenges on economies, businesses and societies in general, have business leaders sufficiently transformed their organisations to lead and thrive in the new normal?   With us on this episode of PodChats for FutureCIO is Frost & Sullivan par...

The 2021 ISACA-Frost & Sullivan Survey: The Singapore Cybersecurity Landscape, revealed that 63% of respondent organizations were adopting cloud more during the pandemic, than prior years. The same study noted that despite a general perception of cybersecurity has improved, senior management is more concerned with cyber risk issues. How have things changed twelve months on? With us today on Po...

Encryption is meant to protect information so that when it falls into the wrong hands, it is unusable. But what happens when your private key gets compromised? From what we understand, encryption technology is only as good as its weakest link – in this case, your private key becomes one of the weakest links. Consider that if someone gets their hands on your keys then they’ll be able to decipher th...

Enterprises are accelerating their adoption of digitalization and agile methodologies, dramatically changing their risk profiles. According to Gartner , many organizations continue to add layers of defence, which in turn increases the complexity of defending against the continued onslaught of more and more advanced attacks. The 2022 State of the Threat from Secureworks noted that in 2022, ransomwa...

One of the defining characteristics of the digital economy is our increased dependence on third-party organisations. Whether we are manufacturers, retailers, hotels, financial institutions or government, we rely on a network of suppliers and business partners to create and deliver goods and services. While this interdependence allows us to achieve economies of scale, it also introduces risks to ou...

Back in the day before personal computers and smart devices, before artificial intelligence and machine learning, customer satisfaction was measured by how well the store you frequented knew your preferences and your special moments. Fast forward to today, technology has matured to the point where a company knows sufficiently enough about you to the point where you feel like your privacy doesn’t e...

The latest projections from the Asian Development Bank are that the region is expected to grow 4.3% this year, down from 5.2% in April 2022. It has also lowered its 2023 forecast to 4.9% while inflation forecast has been raised to 4.0% attributing this to higher energy and food prices. Given the continuing uncertainties we face today and the disruptions that come with these, how should CFOs strate...

Activities like video conferencing, mobile work, cloud computing – all of these have been around well before the pandemic. Before anyone ever coined businesses have been undergoing transformation to reflect opportunities presented at the time. If what we mean by digital is the use of information technology, that too has been around for decades.  What is different though is that in recent years, di...

Enterprises continue to mature in the art of acquiring data whether this is structured or unstructured. But having data alone has proven to be no predictor of whether a business is successful at drawing insights from the data.  Gartner says data-driven organizations struggle with increasing data diversity; its producers, consumers and distributed nature; and automation demands to relieve strained...

The face of retail has been changing since the start of digital transformation. Many traditional retailers have witnessed the rice of Amazon to dominate retailing – change how consumers engage and make purchases. Alibaba took it to celebrity affair with their annual Singles Day event. But it took the pandemic with its mobile and social restrictions to get more retailers to finally start to changes...

Financial Planning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. According to the Corporate Finance Institute , FP&A professionals oversee a broad array of financial affairs, including income, expenses, taxes, capital expenditures, investments,...

During the 2022 FutureCFO vSummit series held across Hong Kong, Indonesia, Malaysia, Singapore, and the Philippines, one topic that stood out as a point of interest for many of the participating senior finance leaders was around the organisations’ commitment to sustainability goals. But what about the head of technology? According to Gartner there is an opportunity for the CIO to take a lead role...

For most of our online lives, our accounts are protected by a username and password. These protect the data stored in our accounts, including financial, personal and pretty much anything we value both digitally and physically. As there are many ways to achieve a goal, so too we’ve discovered over the years that cybercriminals are more than happy to expend the effort to hack into our accounts – eve...

First came automation – the realisation that some aspects of workflow can be done by machines. Next came the integration of artificial intelligence into IT operations (AIOps), robotic process automation (RPA), decision management, and business automation, resulting in cost reductions and doing more with less, maybe even more accurately.  Coincidentally, automation is helping seen alleviate the ski...

Central to the success of any environmental, social and governance (ESG) commitment is data. Any organisation that chooses to commit itself to an ESG initiative must be able to measure change and accelerate transformation in areas such as emissions, governance and diversity, equity and inclusion, organisations need access to data from outside the organisation.  Gartner says chief information offic...