The CIOs’ Top Priorities No. 1: Build a Data-Driven Culture

The CIOs’ Top Priorities

No. 1: Build a Data-Driven Culture

Feb. 10, 2014 4:47 p.m. ET

The five task forces at the CIO Network conference presented their recommendations to the full conference, which voted these as the top five overall priorities:

1. Build Data-Driven Culture

Create data culture at all levels of the business. Create data strategy that can be driven back into business units. Have data that is easily accessible and consumable.

2. Know Your Users Deeply

Now more than ever, CIOs must have a deep understanding of their users and customers so they can help pinpoint, frame and prioritize the problems, propose the most relevant potential solutions, and generally foster dialogue across the organization. This dialogue will engage them in not just providing feedback but in starting with insights about what they really feel and need.

3. Facilitate Innovation

Facilitate and lead business transformation through the use of disruptive technology to anticipate business needs and drive growth.

4. Make Work Easy

What we do at work should be no harder than what we do at home. Drive user-centric design and drive out process friction.

5. Instill a Sense of Mission

Consider how to change your value proposition. Instead of appealing to their analytical side, figure out how to appeal to the heart. Turn the dialogue to why are we here, instead of focusing on traditional metrics. Establish a culture where executives know that to advance they must be tied to the company’s values.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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