MY BRAND BOOK Rajkumar Nair, Deputy General Manager

Rajkumar Nair, Deputy General Manager – IT, Kanakia Spaces Realty

By MYBRANDBOOK

‘Role of a CIO is changing as IT functions become central to business decisions’

Commitment as a Tech Head
In today’s knowledge-based economy, the function of the chief information officer is becoming increasingly complex and multi-dimensional. The senior IT executive is responsible for managing and deploying information technology in the pursuit of business objectives. The CIO faces a host of challenges, from overseeing the convergence of technologies to grappling with varied platforms, compliance and, data security along with tight spending budgets. From a legacy perspective, the IT function has been deeply involved in a cost cutting role, mainly because of the expectations of hitting cost efficiency targets.

However, the changing times have ensured better consistency in priorities at the C-level - for effective IT business alignment. This means that the role of the CIO is shifting from the technical business of data processing to a more broadly conceived job of knowledge management.

Experience Cell
Enterprises today are rethinking the skill set associated with the CIO function, including the way in which they use the CIO, the CIO’s relation to the senior officers, performance expectations and evaluation process, performance incentives and remuneration. The ideal qualifications for the CIO are changing as the IT function becomes more central to business planning and includes technical qualifications, plus a background in understanding finance, marketing and strategic projects along with business planning. While it is not easy, successfully implementing the transition in the CIO role is the key to the success of organizations today.

Key Priorities
The mission of IT in enterprises is changing; IT strategy and capabilities are becoming more and more closely aligned to the company’s business objectives and the predominant role of the CIO is to enable revenue growth. For CIOs, the most important technology objective is to help improve knowledge management as well as respond quickly to market changes. Companies that can successfully manage the transition of the CIO from an information processing function to a knowledge management role have an enormous competitive advantage over those that do not understand and adapt to the demands of a changing business world.

The real payoff will come when companies move beyond isolated IoT projects and take a comprehensive approach, building businesses around these capabilities rather than just using them to cut costs or augment existing products. The challenge before every CIO as we head into 2018 is how to manage and in some cases offload the old stuff, pay down the creeping “technical debt” while freeing up money and people for new and expanded mobile, data analytics, AI, and other modern digital initiatives.

BREAKING NEWS

Elon Musk Merges X with xAI in $33 Billion Stock Deal...

Elon Musk has made waves once again by merging X (formerly Twitter) with...

India Strengthens Electronics Supply Chain with ₹22,919 Cr Manu...

The scheme aims to attract an investment of INR 59,350 Cr, resulting in pro...

Govt Drops Import Duty making EV Batteries cheaper...

The Centre is taking measures to counter the impact of US President Donald ...

CERT-In’s New Advisory Unveils Hidden Cyber Threats...

The advisory highlights critical vulnerabilities in AI models, outlines mul...

TECHNO TRENDS

Legal Battle Over IT Act Intensifies Amid Musk’s India Plans

The outcome of the legal dispute between X Corp and the Indian government c...

Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth

The agreement, executed through Wipro and its 100% subsidiary,...

Centre announces that DPDP Rules nearing Finalisation by April

The government seeks to refine the rules for robust data protection, ensuri...

Home Ministry cracks down on PoS agents in digital arrest scam

Digital arrest scams are a growing cybercrime where victims are coerced or ...

E-Magazine

TECHNOTAINMENT

For 2nd Time, Kaspersky announced Mumbai Indians’ Official C

Hrithik Roshan to endorse RuPay as Brand Ambassador

RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha

India Today Group launches – AI Pop Stars

Staying true to our industry leadership position in using cutting-edge tech

MOVERS & SHAKERS

Cloudflare Promotes Goran Risticevic as VP & MD for APAC

TelioLabs ropes in Phaniraj V A as the Group CEO

TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE

Wipro Appoints Amit Kumar as Managing Partner and Global Head

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s

OPEN YOUR EYES

The disruption in the technology demands to ensure business continuity

How Work From Home Brings Various Security Challenges

Newer Technology Solutions To Ensure Business Continuity During COVID-19

Digital Strategies Focuses On Technology To Improve Business Performance

Technology has made organizations more dependent by using facial recognition

INTERVIEWS

AMD Pensando driving innovation in the DPU architecture space

Alpha Max offers high end solutions in the network space to en

The vision at Alpha Max is to attain quality as the trademark and create a

Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead

A good amount of R&D works and global support services are operated out of

HOT PICK

ASUS ExpertCenter P500 Mini Tower Desktop PC's launched in Ind

MSI Announces the availability of RTX 50 series of laptops in

MSI, the innovative computing manufacturer in gaming, creator

Nothing Phone (3a) goes on sale today, starting at Rs 19,999

The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t

MAKE IN INDIA BRANDS

DATA SAFEGUARD INDIA PRIVATE LIMITED

VEHERE INTERACTIVE PVT. LTD.

MICROTEK INTERNATIONAL PVT. LTD.

NUMERIC INDIA, A Group Brand Legrand

EMINENT CIO'S OF INDIA

AI AND DATA ANALYTICS REVOLUTIONIZING HEALTHCARE SERVICES

...

HARNESSING THE POWER OF BIG DATA TO GAIN VALUABLE INSIGHTS

A Technology certainly drives innovation and busin...

PRIORITIZING APPROPRIATE DATA MANAGEMENT AND ETHICAL AI IS THE NEED OF THE HOUR

For us, cultivating customer trust amidst for that...

ICONS OF INDIA

Icons Of India : AALOK KUMAR

Aalok Kumar is celebrated as a global leader and recipient of the Peop...

ICONS OF INDIA : SANJAY GUPTA

Sanjay Gupta is the Country Head and Vice President of Google India an...

Icons Of India : AMIT CHADHA

Amit Chadha serves as the CEO and Managing Director of L&T Technology ...

PARTNER SPEAKERS

Delivering Innovative Solutions To Address Customer Challenges

Data plays a crucial role in Shivaami Cloud’s brand strategy. It leverages a...

PASS Audit – The differentiating facet

Futurenet Technologies collects feedback from customers, vendors and social me...

Empowering clients with innovative solutions to thrive in evolving digital landscape

Hitachi Systems India employs a multifaceted approach to assess brand awarenes...

PSU

EESL - Energy Efficiency Services Limited

EESL is uniquely positioned in India’s energy sector to address ener...

C-DOT - Center of Development of Telematics

India’s premier research and development center focused on telecommu...

NPCI - National Payments Corporation of India

NPCI is an umbrella organization for operating retail payments and set...

VIDEOS

Top 25 Brands

Most Trusted Brands 2024: Amazon.com Inc

Amazon.com Inc., commonly known as Amazon, is an American multinational techno...

Most Trusted Brands 2024: DELL TECHNOLOGIES INC.

Dell Technologies has been at the forefront of developing edge computing solut...

HEWLETT PACKARD ENTERPRISE COMPANY (HPE)

HPE is an edge-to-cloud company with offerings spanning Cloud Services, Comput...

Global Indian industry

Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated

Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...

Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant

Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...

Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks

Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...