The Digital CFO: an Action Plan | Sadin on Digital

The Big Themes:

• Accenture ransomware: Accenture’s response – they quickly detected, defended, and repaired. So far, it appears to be only a low-value material leaked.
• The New Digital Edge: McKinsey article rethinking strategy for the post-pandemic era. “By 2023, most companies will need to build new digital businesses to stay economically viable.”
• Talking to CFOs: After talking with several CFOs since the last episode, I think it’s time for some changes. Why does IT report to the CFO at so many companies?
• What should happen: CFO should tell the CEO, ‘no thanks!’ CFOs and the CIOs make a more powerful team – even better as peers.

The Big Quotes:

“Accenture also said none of our confidential material was leaked.”

“And you know that whole 19th century model of the green eyeshades and the rolled-up sleeves at the desk – that world has changed, and we've got to recognize it.”

“So go back 50, 60 years, the first people that put technology and the first computers went in the 1950s – that's 70 years ago.”

“Walter Wriston, the founder of the organizer of Citibank, said information about money is as valuable as money itself.”

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