Mr Nair commenced his address by identifying the duties and priorities of a CIO in an organisation, and how they are changing in this fast paced technological environment. He emphasized that a CIO's duty was to ensure that business strategy was aligned with the latest technological trends in the market. According to Mr Nair, the duty of the CIO was three-pronged, consisting of Strategy and Innovation, Transformation of existing processes and optimization. He further stressed the importance of the analytics domain in today's world by quoting specific examples of how CIO's were exclusively concentrating on the Social, Media, Analytics and Cloud(SMAC) platform to develop their future applications.
Acknowledging that the future lay in investing heavily in IT, he continued by outlining the importance given to IT by various sectors, in terms of parameters like percentage of revenue spent etc. Specifically quoting different sectors like banking, retail etc he proceeded with explaining the role of IT in each of these sectors. The use of IT in data analytics was identified by him as a niche area which was fast expanding and had scope for huge growth.
Mr Nair talked about various important concepts like Role of the consultant to a CIO, IT portfolio optimization, balanced score card of a CIO etc. He elucidated his points with apt examples which the students found relevant to the subjects they were presently studying. He finally gave advice to the students to complete various certification trainings like PMP, ITIL etc to differentiate themselves in the fast paced, changing world of Information Technology.
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