How can modern Chief Financial Officers drive innovation and business transformation? The CFO of cloud computing enterprise software company, ServiceNow, Gina Mastantuono, explains CFO transformation, including how she collaborates with other business leaders such as the company’s Chief Information Officer.Aside from discussing Chief Financial Officer responsibilities, the conversation includes:-- What does a Chief Financial Officer do?-- What is the CFO leadership role?-- Why is the CFO / CIO relationship important?-- Why is the CFO the Chief Transformation Officer?-- Cross-team collaboration and the CFO-- Balancing short-term needs vs. long-term investment-- Talent management, human resources, and the CFO-- Advice to Chief Information Officers-- Women in technology and business-- Advice for women on joining boards of directorsAt ServiceNow, Gina Mastantuono is developing and leading world-class teams focused on driving customer success. As Chief Financial Officer, her global organization spans all aspects of Finance, including Accounting, Risk & Compliance, Payroll, Tax, Investor Relations & Treasury, Real Estate & Workplace Services, and more.==== Read the complete transcript: https://www.cxotalk.com/episode/what-cfo-servicenow-chief-financial-officer-explainsSubscribe to the CXOTalk newsletter: https://www.cxotalk.com/subscribe====From the conversation:What does a Chief Financial Officer do?Michael Krigsman: We have this image of the historical, traditional CIO as kind of like an advanced accountant bean counter, you know, with the green eyeshade. Yet, you're talking about digital transformation. I know that there is the innovation role as well. What's going on with the CIO role, and how accurate does that green eyeshade image?Gina Mastantuono: The CFO is the image that you are talking about as the bean counter, right? It's definitely an outdated image. I'm definitely not the typical image of a CFO.We are really no longer just bean counters with the fierce grip on the checkbook. Right now, a major growth driver for many companies is digital transformation and CFOs are playing a key role in not just enabling that transformation but driving it. Being a CFO today is all about strategy, understanding those growth levers that drive the business, and the investments that are needed to get us where we need to go.It's also about leadership. Gone are the days when all leaders needed was a strong IQ. Today's leaders really need to have a high level of EQ as well. They need to lead with compassion and empathy. Especially in today's COVID-19 environment, leaders must ask every day how they're helping employees navigate the new normal.What is the CFO leadership role?Michael Krigsman: I'm slightly taken aback, in a way, to hear you talk about leadership, empathy, driving digital transformation, again because I have, in the back of my mind, the stereotype of a traditional CFO. I guess we could say your role, it's a leadership role with an emphasis on the finances and investing? Is that an accurate way to say it?Gina Mastantuono: Absolutely. I think the leadership piece is so important and the role of the CFO really has evolved over the last five, ten years. Even in the last year, COVID-19 has really elevated the CFO role.We're playing a pivotal role in guiding organizations through the crisis. We're essential to the strategic decisions that are going to help our companies not only survive the current climate but come out stronger on the other side.What I think is especially interesting is that we now must have a...

#BusinessTransformation #DigitalTransformationHow can a large organization apply purpose-driven principles to create meaningful business transformation? The former CEO of Best Buy, Hubert Joly, explains purpose-driven, digital business transformation by presenting the Best Buy company strategy he created.The discussion includes these topics:-- About Hubert Joly's book: The Heart of Business-- Why did Best Buy have trouble in 2012?-- Driving efficiency with respect for people-- What is purpose-driven transformation?-- Efficiency vs. cultural transformation-- Importance of customer experience at Best Buy-- Customer experience and corporate culture-- How do you balance staff and management?=======Watch the video and read the complete transcript: https://www.cxotalk.com/episode/former-best-buy-ceo-purpose-driven-business-transformationSubscribe to our newsletter to be notified of upcoming live shows: https://www.cxotalk.com/subscribe=======Hubert Joly is the author of THE HEART OF BUSINESS: Leadership Principles for the Next Era of Capitalism. He is the former Chairman and Chief Executive Officer of Best Buy and is now a senior lecturer at Harvard Business School. He is also a member of the board of directors of Johnson & Johnson and Ralph Lauren Corporation, a member of the International Advisory Board of HEC Paris, and a Trustee of the Minneapolis Institute of Art. Joly has been recognized as one of the top 100 CEOs in the world by the Harvard Business Review, one of the top 30 CEOs in the world by Barron’s and one of the top 10 CEOs in the U.S. by Glassdoor.=======From the conversation:What is purpose-driven transformation?Michael Krigsman: Let's talk about purpose for a moment. We do hear this term kind of popping up everywhere. I think very often it's a good, politically correct, motherhood and apple pie kind of, you know, it feels good, but there is no real substance. How do we convert that into something substantive and meaningful?Hubert Joly: Yeah, so let me make it really concrete and share some of the lessons learned along the way. I'll tell you that it was challenging. This was not a walk in the park. As a result, we've learned a lot [laughter], frankly, during that time.Back in 2016, as we were looking to accelerate our growth, we did the good work around market research, segmentation, targeting, positioning – what I teach my students at Harvard Business School in the marketing course. Then we also wanted to go beyond that and started to think about our why – maybe influenced by Simon Sinek – why do we exist?That's where we came up with the concept, actually said it, "We are not a retailer. We are not a retailer. We are a company that's in the business of enriching lives through technology by addressing key human needs."Defining your purpose, I think you find a company purpose at the intersection between four circles:What the world needs. What are the human needs you're trying to address?What you are uniquely good at.What you are passionate about.Then, of course, how you can make money.This is real substantive. This is not philanthropy. This is not CSR or OESG. This is a business discussion.The benefit of defining the business in terms of its purpose is that, number one, it vastly expands the addressable market. There are a couple of examples of that.That's how, at Best Buy, we went into the healthcare space helping aging seniors live and stay in their home independently longer by placing sensors under their bed, under their sofa, in the kitchen, in the bathroom. Fall...

How should Chief Information Officers manage AI in the enterprise, and what challenges may arise? Every CIO must consider these questions from both enterprise technology and business leadership perspectives.Author and AI investor Ash Fontana explains the CIO role and CIO responsibilities when developing organizational capabilities for AI, which he calls the AI-first company.The conversation covers these essential topics:-- What are the CIO’s first steps to adopting enterprise AI?-- How should CIOs start with enterprise AI?-- How much technical knowledge about machine learning models should business leaders possess?-- What are “data learning effects”?-- What is Lean AI?-- Should the CIO or CTO be responsible for investments in AI?-- Culture change and AI adoption-- Enterprise AI investment and financial return-- How to overcome obstacles to AI adoption in the enterprise?====Read the full transcript and watch other videos: https://www.cxotalk.com/episode/chief-information-officer-enterprise-ai-cioSubscribe to our newsletter: https://www.cxotalk.com/subscribe====Ash Fontana is author of the book The AI-First Company. He is an investor focused on AI-first companies at Zetta Venture Partners since 2014. Before Zetta, Ash launched syndicates at AngelList - the biggest startup investing platform in the world that now manages over $2B. Simultaneously, Ash made investments in Canva, Mixmax and others.====A few excerpts from the conversation:Michael Krigsman: In effect, what you're saying is this part of the company that's focused around AI, ideally, it would be the entire company, but let's just start small. This part of the company is using the delivery, using the use of AI tools, and then the delivery of outcomes relating to those tools as its kind of organizing principle. Is that an accurate way to summarize it?Ash Fontana: Yeah, I think that's a good way to summarize it. But again, there's so much nuance across the board here around the degree to which you focus on this, depending on where you're at in your journey, depending on whether you're at the phase where you're just experimenting with a few models to sort of test, like, can we actually make this prediction about the demand of the thing we're selling, the demand of the apparel we're selling next season? Can we make a prediction about a trend in this industry with our consumers, whether they're going to buy this or that color next season? Can we actually make a prediction around this delivery time in our supply chain? Can we do that?Are you at this stage where you're experimenting with that and really trying to discover from the data that you have whether you can do that? If so, the degree to which you invest in data collection, data infrastructure, and the degree to which you jump in the deep end of machine learning different models is very different to the point at which you've done those experiments, you're sure that you can make these predictions, and you want to really double down.This is where I introduce this concept of latent AI. But again, I think that's a good way to put it. There's a lot of nuance depending on the phase you're at. Different parts of your organization can mean different parts of the journey.The part of your organization that is on the marketing side can be really far ahead on the AI journey because there's a lot of data available to survey customers and run predictive models around what different segments will do and how they behave, whereas the part of the organization that's responsible for production might be a bit further back or earlier in the journey because fully...

#ChiefInformationOfficer #CIO #DigitalIdentity Every Chief Information Officer (CIO) should understand digital identity and why is it important. A world expert on this topic, Eric Haller, the Executive Vice President and Group Head of Experian DataLabs, explains and shares his advice.The conversation covers these topics:-- What is digital identity?-- How do you establish digital identity?-- How to improve digital identity?-- How can we protect against AI-generated deep fakes?-- What is the intersection of digital identity and GPT-3?-- Blockchain and digital identity-- Societal implications of digital identity-- Advice to businesses and policymakers on digital identityCheck out our website: https://www.cxotalk.com/episode/what-digital-identity-why-it-mattersSubscribe now: https://www.cxotalk.com/episode/subscribeExperian DataLabs is the research and development organization within Experian. It was established in 2011 to drive the creation of new products and services from breakthrough experimentation across Experian’s businesses in 37 countries. Labs are located in London, Sao Paulo, Singapore, and San Diego.

Every Chief Information Officer (CIO) must think about enterprise technology trends and tech investment planning for innovation. To provide guidance for CIO strategy and the CIO role, quantitative futurist Amy Webb, Founder and CEO, of the Future Today Institute, explains her report, 2021 Tech Trends and what it means for CIOs.In this conversation you will learn about these topics:-- How can the 2021 Tech Trends report help Chief Information Officers (CIOs)?-- What critical technologies should Chief Information Officers pay attention to?-- How should CIOs navigate technology planning choices?-- Culture change and technology innovation-- Building a culture of innovation-- Amy Webb on cryptocurrencies-- Advice for Chief Information OfficersRead the full transcript: https://www.cxotalk.com/episode/cio-role-tech-trends-investment-planningSubscribe now to the CXOTalk newsletter: https://www.cxotalk.com/subscribeAmy Webb pioneered a data-driven, technology-led foresight methodology that is now used with hundreds of organizations. She is a professor of strategic foresight at the NYU Stern School of Business. She is a Visiting Fellow at Oxford University’s Säid School of Business, a Nonresident Senior Fellow in the Atlantic Council’s GeoTech Center, a Fellow in the United States-Japan Leadership Program, and a Foresight Fellow in the U.S. Government Accountability Office Center for Strategic Foresight. She was elected a life member to the Council on Foreign Relations and is a member of the Bretton Woods Committee.She is the author of several popular books, including The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity, which was longlisted for the Financial Times & McKinsey Business Book of the Year award, shortlisted for the Thinkers50 Digital Thinking Award, and won the 2020 Gold Axiom Medal for the best book about business and technology.

How does a huge telecom organization with $132 billion in revenue manage product development for the enterprise and consumer markets? Verizon's Chief Product Development Officer, Nicki Palmer, explains and also dives into what's happening with 5G. She describes Verizon’s product design process, talks about Verizon’s 5G Labs, and explains how digital transformation shapes customer experience.This conversation covers these topics:-- What is product development in telecommunications?-- Balancing product innovation with legacy product development-- Digital transformation and customer experience management-- About the Verizon 5G labs-- How to drive product innovation in a remote work environment-- 5G and modern telecom applications-- Team diversity and women in technology===Read the full transcript: https://www.cxotalk.com/episode/telecom-industry-product-development-verizonSubscribe to the CXOTalk newsletter: https://www.cxotalk.com/subscribe===As Verizon's Chief Product Development Officer, Nicki Palmer oversees the growth and expansion of the 5G ecosystem, convening partners and developing products and services to advance 5G growth and device technology. Previously she was responsible for planning, operations & engineering of the nation's largest and most reliable 4G LTE wireless network, the company’s 5G residential broadband and 5G mobile network deployments.

How can leaders enable business growth, innovation, and resilience through supply chain management (SCM) and digital transformation? And, how does sustainability affect supply chains? To answer these questions, we spoke with Jon Chorley, Chief Sustainability Officer and Group Vice President of Oracle, and Tony Nash, CEO & Founder of Complete Intelligence.The conversation includes these topics:-- About Jon Chorley (Oracle) and Tony Nash (Complete Intelligence)-- How did supply chains function during the disruptions of 2020?-- Challenges associated with overseas manufacturing operations-- Digital transformation and sustainability in supply chain-- Advice on supply chain transformation for business leadersRead the complete transcript: https://www.cxotalk.com/video/supply-chain-innovation-transformation-sustainabilityJon Chorley is group vice president of product strategy for Oracle's supply chain management (SCM) applications and leads the team responsible for driving the business requirements and product roadmaps for these applications. Chorley is also the chief sustainability officer for Oracle.Tony Nash is the CEO and Founder of Complete Intelligence. Previously, Tony built and led the global research business for The Economist and the Asia consulting business for IHS (now IHS Markit).

CXOTalk Publisher Michael Krigsman moderated a panel on collaboration and how the pandemic has changed work. Watch the complete video over on LinkedIn: https://www.linkedin.com/video/live/urn:li:ugcPost:6785969033406767105/(This episode was sponsored by Slack)

What are the enterprise technology trends that Chief Information Officers should consider in 2021? Paul Daugherty, Accenture's Group Chief Executive for Technology and Chief Technology Officer, explains the key issues and tech trends to which CIOs must pay attention.The conversation covers these topics:-- Enterprise Technology Trends 2021: CIO Role and Strategy-- What are the most important tech trends of 2021?-- How has technology procurement changed?-- How has the CIO role evolved?-- Talent management, leadership, and the CIO-- Diversity, inclusion, and equality: The power of diverse teams in technology-- How can you become a CIO?-- Customer experience and the CIO role-- Enterprise architecture and the CIO-- What is the future of work?-- "Cloud and AI will be the two most transformative technologies of the next decade."=====Read the complete transcript: https://www.cxotalk.com/episode/enterprise-technology-trends-2021-cio-role-strategySubscribe to the CXOTalk newsletter: https://www.cxotalk.com/subscribe=====Paul Daugherty is Accenture's Group Chief Executive – Technology & Chief Technology Officer. He leads all aspects of Accenture's technology business. Paul is also co-author of Human + Machine: Reimagining Work in the Age of AI, a management playbook for the business of Artificial Intelligence, published by Harvard Press.

Digital transformation relies on data from across the organization, ranging from operations to customer service, financials, and employee well-being. In this conversation, we learn how KeyBank's Chief Information Officer, Amy G. Brady, uses data in daily operations and to drive digital transformation. Amy's mandate as CIO overs the company's technology, operations, and services organizations. She oversees all of KeyBank's shared services for technology, operations, data, servicing, cyber and physical security, and procurement. Amy is a member of the Board of Directors of DuPont, where she serves on the Audit and Environment, Health, Safety, and Sustainability Committees. She is also on the Board of the Federal Reserve Bank of Cleveland.In this conversation, we discuss the following topics:-- About KeyBank and data strategy in banking-- Modernizing finance and data integration-- Extensive CIO Role at KeyBank-- Qualifications for KeyBank business partners-- Digital transformation at KeyBank-- Role of women in technology