Podcasts

6 Posts tagged with the it_investments tag

 

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In this podcast, Sam Coursen talks about the steps he has taken to ensure that his company continues to derive business impact from IT. He also provides the three things CIOs should do it they want to ensure that IT initiatives result in business impact, and the takeaways CIOs can use for working with their CFOs on capital IT investment decisions.

 

In 2005, Freescale Semiconductor, the $5.7 billion global leader in the design and manufacture of embedded semiconductors, began rolling out an integrated manufacturing system. The company, however, acknowledged a lack of progress automating some of the key semiconductor manufacturing steps involving IT systems, such as process control. That year, Sam Coursen, the former CIO of NCR Corporation, stepped into the CIO role at Freescale Semiconductor. Armed with experience transforming NCR's IT organization, Coursen immediately launched a strategic program with manufacturing management. The business impact of IT for this program returned about $38 million to shareholders.

 

He says, "We began a multi-year program to close those gaps, and to become equal to or better than the best-in-class practice for each of those manufacturing processes. That resulted in substantial savings."

 

Bio
Sam Coursen is the vice president and chief information officer for Freescale Semiconductor in Austin, Texas. Before joining Freescale Semiconductor, he was vice president and CIO at NCR Corporation, where he held the position from 1998 to 2005. He also held other IT leadership positions at NCR. In 2007, the Austin chapter of the Association of Information Professionals named Sam Coursen as IT Executive of the Year. Computerworld named him to its list of Premier 100 IT Leaders for 2009.

 

Resources
IT Leaders Who Shatter the Mold - InfoWorld
CIO Values - InformationWeek
Freescale's CIO Builds on IT Foundation - Computerworld

 

Production Credits
Elizabeth Ferrarini, Executive Producer
Tom Parish, Host and Audio Producer
Audio Editing by Doug Marcis

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1,771 Views 0 Comments 0 References Permalink Tags: best_practices, business_impact_of_it, it_investments, it_management, podcast, video
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In this podcast, Schaefer talks about why the company continues to fuel IT spending, how three key investments have demonstrated business impact from IT, what the company is doing to move up the IT maturity scale, how the company makes IT investment decisions, and what two things CIOs can do to achieve business impact during this economic downturn.

 

Some insurance companies, such as AIG, have put themselves in dire financial circumstances. The billion in these companies have received in federal bailout money has added fuel to the economic downturn. On the other hand, the $21 billion Northwestern Mutual Life Insurance Company doesn’t need one cent of taxpayers’ dollars to preserve its customers’ wealth. This 150-year old, highly profitable company has more than $1 trillion of life insurance protection in force. Products include life insurance, long-term care insurance, disability insurance, annuities, mutual funds, and employee benefit services. In fact, the company maintains the highest available ratings for insurance financial strength from all four major ratings agencies.
 
Despite the economic downturn, Northwestern Mutual isn’t about to rest on its financial strength.  In fact, this company has continued to invest in areas, such as information technology, that can provide great value in terms of productivity, improved businesses processes, and revenues. Tim Schaefer, Northwestern Mutual’s chief information officer, says, “We can’t loose sight of the fact that we are in a downturn, but we don’t want to completely give away our opportunity to pursue some strategic projects for the business.”
 
As CIO for Northwestern Mutual, Schaefer leads 1,300 employees and 1,000 contractors in advancing the company’s strategy, for which relationships among customers, representatives, and executives drive the business forward.  One of his key responsibilities is to carry out a strategic IT plan to bring the IT organization to a higher level of solutions and systems delivery maturity and business process enablement. His other priorities include helping the company remain customer-centric, making better use of analytics, and integrating product lines to strengthen financial offerings.

 

Bio
In 2008, Timothy G. Schaefer became chief information officer for the Northwestern Mutual Life Insurance Company.  He joined the company as a programmer in 1988. During his 20-year career, he has held a variety of senior leadership positions including director of policy owner services, director of systems, and director and vice president of life benefits. He currently sits on a variety of leadership committees, including chair of the technology strategy committee. He received a master’s degree in management and organizational behavior from Silver Lake College, where he is a member of the board.

 

Resources
Northwestern Mutual CIO Schaefer Drives Greater Maturity - Insurance & Technology
CIO Leadership Series – Tim Schaefer, Northwestern Mutual - CIO Fusion
Ed Zore Reconciles Prudence and Opportunism in Northwestern Mutual’s Technology Investment - Insurance & Technology

 

Production Credits
Elizabeth Ferrarini, Executive Producer
Tom Parish, Host and Audio Producer
Audio Editing by Doug Marcis

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3,702 Views 0 Comments Permalink Tags: business_impact, it_alignment, it_investments, it_management, it_maturity_scale, podcast, strategy
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Fortune magazine has called the 40-year-old Society for Information Management or SIM the IT field's top professional group. In fact, Robert Keefe, CIO of the $1.8 billion dollar Mueller Water Products, attributes his successful career in IT to his involvement with SIM. Keefe is SIM's current president.

 

Membership in SIM is open to qualified senior IT professionals, academics, and consultants. SIM currently has about 3,600 members in 36 U.S. chapters. (Yes, each SIM chapter does due diligence on each prospective member.) SIM's offerings fall into several categories: information exchange through chapter meetings, educational programs, and chapter-sponsored venues, such as the MIT Sloan School CIO Symposium. SIM also holds an annual conference called the SIMposium.

 

About 16 years ago, Keefe went through SIM's year-long Leadership Forum. He says, "At the time I took the course I wasn't a CIO. I quickly landed a CIO position and then had my company join SIM's Advanced Practices Council."  Each year about 300 professionals attend monthly Leadership Forum classes in 10 major cities. Keefe says, "These people have good IT skills and business acumen, but this program helps them to think outside of the box."  The course curriculum blends about 40 different pieces of media, mostly books ranging from The Old Man in the Sea to The Innovator's Dilemma.

 

The Advanced Practices Council, another SIM educational program, consists of about 40 member companies that contract with academics to do IT research. The research can range from a look at new, emerging technologies to different segments of IT leadership. Recently, Boston University delivered a paper about the competitive levers for leading innovation in the 20th century. Keefe says, "It's not all about technology but how business models are changing. For example, google.com gives away a search engine, but charges for it through advertising. How do compelling changes in the marketplace like this one translate into decisions that a CIO must make?"

 

Keefe says that SIM is a great environment for senior IT professionals to share ideas. He says, "You can network with people at the meetings or you can contact anyone in the directory. As you get to know more and more people, you'll find someone who has done what you're asking about.  We have a growing virtual community as well."

 

Each year SIM surveys its members about the top 10 concerns on their minds. For the 2007 survey, the three top concerns included: attracting and retaining good IT professionals, making sure IT professionals develop good business skills that enable them to understand the business strategy, and properly aligning the needs of the business with services IT can effectively provide.

 

In addition to speaking about SIM in this podcast, Robert Keefe also gives his perspective on key IT management issues.

Bio
Since 2008, Bob Keefe has been senior vice president and CIO for Mueller Water Products. Before Mueller, he was vice president and CIO at Russell Corporation. He also has held senior IT positions at ConAgra Refrigerated Foods, Kraft Foods, and Wyeth Pharmaceuticals. Keefe begin his career as a scientific researcher with Brookhaven National Laboratories. He earned his MBA, with distinction, from Pace University and holds a bachelor’s degree from the State University of New York at Oswego. He is active with Atlanta’s technology community assisting with United Way's Tech Initiative, Women in Technology's outreach program, and TechBridge's non-profit advocacy.

 

Resources
CIO Values - Information Week
Incoming SIM President Says IT Faces Woes at All Levels - Computerworld
CIOs Leverage Job Skills, Earn Big Bonus - SearchCIO.com

 

Production Credits
Elizabeth Ferrarini, Executive Producer
Tom Parish, Host and Audio Producer
AlarmMusic.com Production Music Library for Broadcast, Film, Video & Post Production

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1,438 Views 0 Comments Permalink Tags: best_practices, education, it_investments, it_management, leadership, podcast, strategy
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When Don Hopkins retired as chief information officer at NCR, he decided to join SunGard Availability Services, a business unit of the $5 billion SunGard  Corp. SunGard Availability Services provides the company's more than 10,000 customers in North American and in Europe with solutions that ensure uninterrupted access to mission-critical data and systems. By reporting to SunGard's CEO, Hopkins has insight into the company's strategic initiatives and, as a result, has the opportunity to understand what technologies would be good enablers to those strategic decisions.

In 1979, Hopkins joined NCR where he moved up the IT ranks from the director of general-purpose products to vice president of technology and infrastructure in NCR's IT services group, and to his last position as chief information officer. In fact, he played a leadership role in NCR's transformation and performance turnaround. In 2007, he successfully completed the very complex IT spin-off of Teradata as a separate company. Although this event happened during a very aggressive timeframe, Hopkins and the management team did it under planned budgets, both before and after the spin-off.

In this podcast, Hopkins talks about how he has translated his IT experiences at NCR and applied them as CIO at SunGard Availability Services. He also talks about NCR's strategy to cut its IT infrastructure costs and increase the company's profitability, its process for making investment decisions in technology, and its methodology for measuring the value of those investments.


Bio

Don Hopkins is vice president and chief information officer at SunGard Availability Services. Before joining this business unit of the $5 billion SunGard Corp., he was CIO at NCR Corporation and the vice president of technology and infrastructure in the company's IT services unit. He joined NCR in 1979. He holds master’s degrees in mathematics, school administration, computer science and business administration from the University of Dayton, and a Bachelor of Arts degree in mathematics/physics from Miami (Ohio) University.


Resources

Specialists Share  Transformation Models with Tech Providers, Industry Peers - Manufacturing  Business Technology

E-vaulting  Clears Hurdles to Vital Data - IDG Accelerate

CIO of  NCR Is Retiring - Dayton Business Journal

 

Production Credits

Elizabeth Ferrarini,  Executive Producer

Tom Parish, Host and Audio Producer

Doug Marcis  - Audio and Music Editing

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2,490 Views 0 Comments Permalink Tags: business_continuity, disaster_recovery, governance, it_infrastructure, it_investments, podcast
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Ace is the place, especially if you're looking for home hardware in the U.S. or in Saudi Arabia. And no one knows this better than Paul Ingevaldson. After a 25-year with Ace Hardware, Ingevaldson retired as CIO and senior vice president of international and technology for the $3 billion dollar global hardware wholesaler. Its more than 5,000 retail hardware stores do $12 billion in annual sales. Ingevaldson was responsible for Ace's IT needs for the entire corporation, including the retail stores in more than 70 countries. Of his many accomplishments, Ingevaldson is most proud of having become an officer of the company, heavily automating all aspects of the retail operation, and having the full corporation of executive management to align IT with the business. He attributes much of his success in these areas to a stint where he moved out of IT and handled distribution for Ace Hardware. He says, "The experience enabled me to see IT from the user's perspective. I realized that we had to spend more time training people how to interact with IT."

 

Since his retirement, Ingevaldson has written a variety of tutorial IT management articles for both CIO and Computerworld. His topics have covered everything from improving governance to delegating authority. He also has cranked out many articles about how CIOs should report to CEOs. In fact, his article, IT Cheat Sheet for CEOs, helps a CIO to explain the mechanics of IT to a new CEO.

 

Ingevaldson says that there are many reasons why it's important for CIOs to report directly to CEOs, than CFOs, and to be on the executive leadership team as a peer with CFOs. He says, "When it comes to corporate funds, CFOs take a risk adverse position. If you want to move the company forward through automation, then IT has to assume certain risks. If IT isn't willing to take a chance, then it will be a follower. If you work for a CFO, you have to go into much detail about every aspect of IT. Most of all, you aren't a peer with the rest of the leadership team. I'd never take a CIO position reporting to a CFO."

 

In this podcast, Ingevaldson talks more about why it's important for CIOs to sit at the corporate leadership table, and how they can maintain their place at this table.

 

Bio

In 1979, Paul Ingevaldson began his 25-year career at Ace Hardware as director of management information systems. He moved up the ranks to become Ace Hardware's chief information officer and senior vice president of international and technology. In 2004, he retired from the $3 billion corporation, but he didn't retire from IT. Ingevaldson writes IT management articles for both Computerworld and CIO magazine.

 

Resources

Computerworld  - IT Survival Guide

CIO  - How Do You Know You Delegate Enough?

CIO  - Five Things I Learned After I Retired

 

Production Credits
Elizabeth Ferrarini, Executive  Producer
Tom Parish, Host and Audio  Producer
Doug Marcis - Audio Editing

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1,541 Views 0 Comments Permalink Tags: governance, it_investments, podcast, strategy
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In 2007, Andrew Moss, the former chief financial officer at Lloyds, became the chief executive officer of Aviva Plc, the world's fifth largest insurance group and the largest insurance company in the U.K. He immediately devised a strategy to drive 20 percent growth across Aviva's three lines of business: long-term savings, fund management, and general insurance. The company manages about $800 billion for about 45 million customers. Moss's strategy includes transforming the business by streamlining costs and making sure that all 57,000 employees work toward the goal of providing better value to customers.

 

Since becoming global CIO of the Aviva Group in January 2008, Toby Redshaw has had no problem incorporating Moss's strategy into how IT operates across the three lines of business. Redshaw says that his role is to make sure IT operates at the right pace, with the right resources, and with the right talent. He also takes a bottom line approach to IT by challenging his front-line IT managers to ask their financial counterparts how specific IT projects relate back to the profit & loss statement. Redshaw says the conenction between IT and the company's bottom line is the biggest gap that IT has with the business. Getting and keeping customers or customer turns shows up on the bottom line. IT managers need to understand what they can be doing to improve this metric, and thus the bottom line."

 

In this podcast, Toby Redshaw, the global CIO of the Aviva Group, talks about three areas that IT needs to improve: keeping an eye on the bottom line, trying to innovate ahead of competitors, and keeping the current talent base engaged and focused on the company's goals.

 

Bio
Toby Redshaw is the chief information officer of the Aviva Group, based in London, England. Before joining Aviva, Redshaw was a corporate vice president at Motorola, where he oversaw strategy, architecture, e-business, intranet and collaboration solutions, common platforms and enterprise data warehousing and analytics. He also spent 17 years at FedEx, where he held several senior leadership positions, including CIO of a business unit serving 53 countries. Redshaw is the past chairman of the Kellogg Innovation Network (at Kellogg Graduate School of Business), and chairman of the RosettaNet Council.

 

Resources
Atlassian -  Dan Bricklin Interview's Toby Redshaw on Wiki Use
InfoWorld  - CTO 50 - Toby Redshaw

 

Production Credits
Elizabeth Ferrarini, Executive  Producer
Tom Parish, Host and Audio  Producer
AlarmMusic.com Production Music  Library for Broadcast, Film, Video & Post Production

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1,210 Views 0 Comments Permalink Tags: governance, it_investments, podcast, return_on_investment, strategy


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