Ramakrishna Mankali’s Post

With emerging technologies, new types of technology risks are being introduced. Organizations need to keep up by having the right capabilities, reporting metrics and skills to mitigate these risks. #technology #riskmanagement

The best technology leaders play a critical role. and not just in implementing technology... In value creation, process and cost optimisation, innovation, and transformation. Focusing on: 🤝 Elevating customer experience 📊 Harnessing the power of data 💡 Identifying key differentiators 🔐 Strengthening Cyber Security 🤖 Leveraging AI & automation 🌿 Driving ESG initiatives 🚀 Accelerating change 🔒 Mitigating risks Preparing for the future with an IT strategy that delivers modern, scalable, and secure infrastructure while keeping a keen eye on emerging technologies. Never forgetting that the true foundation for success lies in investing in and developing your people and culture. Is your business ready for a technology-enabled transformation? Need support on your journey? Let's connect and explore how I can help you navigate this exciting time of digital transformation. Together, we can unlock your organisations untapped potential. #TechnologyLeadership #DigitalTransformation #Innovation #Cybersecurity #AI #Automation #DataDriven #CustomerExperience #ESG #PeopleAndCulture

⭐️ THE CIO CHALLENGES IN A COMPLEX GLOBAL LANDSCAPE It is an understatement that CIOs in today's volatile economic climate, large organisations face an array of challenges that demand strategic foresight and agility. 💡 The global economy is experiencing unprecedented strain due to inflation, supply chain disruptions, and market volatility. 💡 These pressures are further compounded by rising cyber threats, as bad actors exploit vulnerabilities at an alarming rate. 💡 Protecting data and maintaining customer trust is more crucial than ever, requiring continuous investment in cutting-edge cybersecurity measures and employee training. 💡 Political instability across various regions adds another layer of complexity. 💡 Trade tensions, regulatory changes, and geopolitical conflicts create uncertainty, making it difficult to plan long-term investments. 💡 Firms must remain adaptable, closely monitoring global events and adjusting our strategies to mitigate risks by diversifying supply chains, building strong local partnerships, and being prepared to pivot our operations in response to changing conditions. 💡 At the same time, the shift towards globalisation presents both opportunities and challenges where while it opens new markets and fosters innovation through cross-border collaboration, it also intensifies competition and heightens the need for operational excellence. 💡 Embracing digital transformation is key to staying competitive, enabling firms to scale efficiently and meet the evolving demands of their customers. 💡 In this environment, the focus must be on building resilience by strengthening financial and operational capabilities but also fostering a culture of agility and innovation. 💡 By staying ahead of cyber threats, navigating political uncertainties, and leveraging the benefits of globalisation, firms can position themselves to thrive, even in the face of these complex challenges.

⭐️ THE CIO CHALLENGES IN A COMPLEX GLOBAL LANDSCAPE It is an understatement that CIOs in today's volatile economic climate, large organisations face an array of challenges that demand strategic foresight and agility. 💡 The global economy is experiencing unprecedented strain due to inflation, supply chain disruptions, and market volatility. 💡 These pressures are further compounded by rising cyber threats, as bad actors exploit vulnerabilities at an alarming rate. 💡 Protecting data and maintaining customer trust is more crucial than ever, requiring continuous investment in cutting-edge cybersecurity measures and employee training. 💡 Political instability across various regions adds another layer of complexity. 💡 Trade tensions, regulatory changes, and geopolitical conflicts create uncertainty, making it difficult to plan long-term investments. 💡 Firms must remain adaptable, closely monitoring global events and adjusting our strategies to mitigate risks by diversifying supply chains, building strong local partnerships, and being prepared to pivot our operations in response to changing conditions. 💡 At the same time, the shift towards globalisation presents both opportunities and challenges where while it opens new markets and fosters innovation through cross-border collaboration, it also intensifies competition and heightens the need for operational excellence. 💡 Embracing digital transformation is key to staying competitive, enabling firms to scale efficiently and meet the evolving demands of their customers. 💡 In this environment, the focus must be on building resilience by strengthening financial and operational capabilities but also fostering a culture of agility and innovation. 💡 By staying ahead of cyber threats, navigating political uncertainties, and leveraging the benefits of globalisation, firms can position themselves to thrive, even in the face of these complex challenges.

Degrees of digitalization The era of digitalisation has long been part of our daily lives, but a deeper understanding of it requires an awareness of how different levels of technology affect the operations of companies and society. We live in a constant stream of change and innovation that shapes business, working life and private life. This change is not linear; It is layered, multidimensional and, above all, continuous. To navigate this flow effectively, we need a deep understanding of how different levels of technology – affect each other – and what kind of regulation is required to manage each level. The aim of this text is to provide the reader with a clear model, a three-dimensional framework that outlines the different levels of digitalisation and the role of standardisation required by them. The simplified model will allow us to better understand what the specific technology at each level means in practice and how we can ensure that we exploit its potential safely and responsibly. Here I aim to delve into the deeper essence of technology and its management, which enables sustainable development and continuous innovation in a digitalizing world. I encourage everyone to take an active role in assessing the digitalisation readiness of their own organisations. Ponder the following questions: ·      Are our systems ready for the technology of the future? ·      Do our current standards and protocols support sustainability and innovation? ·      Have we taken into account the changes in our business? Only together can we ensure that the benefits of digitalization serve everyone, be part of this change — participate, influence and innovate. #Digitalization #ArtificialIntelligence #MachineLearning #Standardization #SmartCities #CyberSecurity #Innovation #DigitalTransformation #Sitowise #SmartCityCompany

⭐️ THE CIO CHALLENGES IN A COMPLEX GLOBAL LANDSCAPE It is an understatement that CIOs in today's volatile economic climate, large organisations face an array of challenges that demand strategic foresight and agility. 💡 The global economy is experiencing unprecedented strain due to inflation, supply chain disruptions, and market volatility. 💡 These pressures are further compounded by rising cyber threats, as bad actors exploit vulnerabilities at an alarming rate. 💡 Protecting data and maintaining customer trust is more crucial than ever, requiring continuous investment in cutting-edge cybersecurity measures and employee training. 💡 Political instability across various regions adds another layer of complexity. 💡 Trade tensions, regulatory changes, and geopolitical conflicts create uncertainty, making it difficult to plan long-term investments. 💡 Firms must remain adaptable, closely monitoring global events and adjusting our strategies to mitigate risks by diversifying supply chains, building strong local partnerships, and being prepared to pivot our operations in response to changing conditions. 💡 At the same time, the shift towards globalisation presents both opportunities and challenges where while it opens new markets and fosters innovation through cross-border collaboration, it also intensifies competition and heightens the need for operational excellence. 💡 Embracing digital transformation is key to staying competitive, enabling firms to scale efficiently and meet the evolving demands of their customers. 💡 In this environment, the focus must be on building resilience by strengthening financial and operational capabilities but also fostering a culture of agility and innovation. 💡 By staying ahead of cyber threats, navigating political uncertainties, and leveraging the benefits of globalisation, firms can position themselves to thrive, even in the face of these complex challenges.

Our CIO report, focusing on "The Future Face of Tech Leadership" explores the evolving role of Chief Information Officers (CIOs) and the impact of emerging technologies on meeting their demands. Key topics include the imperative for CIOs to harness emerging technologies like AI and P5G within the context of the Fourth Industrial Revolution, balancing risks and rewards inherent in digital-first experiences for stakeholders. Participants also examine navigating the evolving landscape of cybersecurity, emphasising heightened vigilance and risk management in the face of emerging threats. 💡 Visionary leadership in the face of the fourth industrial revolution: 89% are actively seeking opportunities to incorporate AI into the business 🔒 Navigating the next era of security with hypervigilant curiosity: 83% of businesses have experienced a cyber hack in the last 12 months ⚖ Balancing profit and purpose in sustainable tech leadership: 92% of CIOs are increasing investment in environmental sustainability initiatives Download your copy of the report today | https://lnkd.in/eWPxEJ_p #techtrends2024 #cioinsights #techleadership #techcommunity

🤖 𝘾𝙮𝙗𝙚𝙧 𝙘𝙡𝙤𝙘𝙠 𝙞𝙨 𝙩𝙞𝙘𝙠𝙞𝙣𝙜: 𝘿𝙚𝙧𝙞𝙨𝙠𝙞𝙣𝙜 𝙚𝙢𝙚𝙧𝙜𝙞𝙣𝙜 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙚𝙨 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨 💰 As financial-services companies around the world race to keep pace with a rapidly evolving #technology landscape, they should consider not only what benefits new #emergingtechnologies offer but also what #risks they introduce. 𝙇𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚 🌆 #Cybersecurity is a major concern for #financialservices companies, especially as they adopt new emerging technologies. While these technologies can offer exponential benefits, they can also bring #cyberrisks that companies must mitigate. McKinsey & Company's and the Institue of International Finance's (IFF) research shows that current capabilities are falling short of addressing these risks. To derisk, companies must ensure they have thought through and implemented the necessary #riskmanagement capabilities. To prioritize their adoption of emerging technologies, companies indicate considering #cloud and #edgecomputing, applied #AI, next-gen #softwaredevelopment, and #digitalidentity and #trust architecture. These four technologies are likely to see quicker adoption than others. 𝘾𝙖𝙡𝙡 𝙩𝙤 𝙖𝙘𝙩𝙞𝙤𝙣 🎯 However, companies must ensure their technology priorities are aligned with their security capabilities and that they are investing in the right technologies and cybersecurity capabilities. It's also important for companies to have the right #metrics and #reporting in place to accurately and confidently measure against their #riskappetite, provide #transparency to #regulators and #executives, and identify strengths and weaknesses. Additionally, having the right #talent to close capability gaps is crucial, not just to maintain existing capabilities now but to support future maturity and #technology expansions. As the cyber clock ticks, financial-services companies must prioritize derisking emerging technologies to ensure they can reap the benefits while mitigating the risks.

Exposure Management Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2029 #Business #ComputersSoftware #NewsCurrentAffairs #Technology #World