Tag Archives: CIO

Cloud Finance – Competitive System, Not a Boat Anchor

Saugatuck Technology has recently revisited its long-standing coverage of the CFO and the finance systems that support that office in a series of interviews, briefings, and surveys to plumb the changes underway, as the Cloud asserts its viability for core business systems (See 1492SSR, Saugatuck Technology’s 2014 CFO / CIO Survey: Cloud Financials – The Third Wave Emerges,18Dec2014). The CIO / CFO survey report included responses from 317 finance and IT executives who participated in the research, with 85 percent senior decision makers with Director and above titles. Continue reading

Financials in the Cloud – New Survey Insights

What is Happening?          

According to analysis of Saugatuck’s latest web survey research, a third wave of Cloud Business Solution adoption is now fully underway and gaining momentum – focused on the Office of the CFO. But unlike earlier waves of Cloud solution adoption (e.g., CRM, HCM and Marketing systems), Cloud Financials will follow its own path, as a more complex set of deployment scenarios will play out – over a longer period of time. This will include “Sidecar” models, “Process-specific” migrations and a range of Private and Public Cloud redeployments.

Driving demand is not only the power of the new Master Architecture to deliver better, cheaper and faster outcomes – and addressing the highly fragmented nature of financial systems – but enabling the finance function to provider greater agility, flexibility and value to the business. This is particularly relevant given the dual mandates of an evolved (and more strategic) mission for finance, and the fundamental challenges of supporting the transition to Digital Business.

These are just some of the key conclusions from Saugatuck’s just released 51-page research report titled “Cloud Financials – The Third Wave Emerges” (1492SSR, 18Dec2014). The report leverages a recent web survey of 317 senior Finance and IT executives in North America, primarily from mid-size and large enterprises. Continue reading

Trip Report: Key Highlights from 2014 Cloud Business Summit

What is Happening?          

Earlier this week, Saugatuck hosted its fourth annual Cloud Business Summit, an intimate gathering of 100+ large-enterprise CIOs/CTOs, CMOs, and CFOs at the Yale Club of New York City. As with previous Summits, the event explored how these leaders are realizing the most from the Cloud today. However, the key focus this year was the significant impact that Cloud is having in shaping core business strategy, as we evolve into the era of Digital Business.

Throughout the day, it was very clear that the “Cloud Experiment” is over for all but the most laggard IT shops. Up and down the Cloud technology stack and across the new master architecture (that includes mobile, social, and advanced analytics) we are moving toward mainstream adoption. Even the Finance organization is coming around, as our soon to be released CFO / CIO research will demonstrate. Given this, a key issue for business and IT leaders is how best to exploit the new frontier to build profitable and sustainable Digital Enterprises, which has now become a top-tier CXO agenda item.

Why is it Happening?

Saugatuck founder and CEO Bill McNee kicked off this year’s Summit by unveiling the results of its just completed CXO survey on Digital Business engagement, success, and key challenges. The research, conducted with 102 SVP+ IT, Finance, and Marketing leaders in McNee’s LinkedIn network – illustrates just how rapidly the shift to Digital Business is occurring.

While Saugatuck will soon be publishing more in-depth results of the research, find below some key highlights. It should be noted that the research is biased toward very large North American enterprises, as 50% of the respondents work for companies with greater than 10K employees. The insights are also reflective of very senior business and IT leaders, with nearly 60% maintaining a C-level title, with another 20% SVP+.

  • A quarter (26%) of the enterprise leaders stated that their firms were already “Fully Engaged” or “Established” in Digital business, with 74% either having “No Digital Footprint” (4%), in an “Experimental / Learning” mode (32%), or “Committed / In Process” (38%) today, although not yet generating meaningful revenue.
  • However, by 2018, more than half of these execs believe their firms will be fully “Established” Digital Businesses (57%), with another 33% fully “Engaged” – with Digital Business central to business organization, management and brand, including engagement with customers, partners, and suppliers.

Continue reading

How Much Should You Spend on Security?

What is Happening?

Spending on security is always a low priority. After all, it’s not visible and when nothing’s occurring it’s easy to assume the budget for security can be reduced. Until after it becomes visible when something goes awry. And when things go wrong, spending on security escalates in response to everything hitting the proverbial wall.

The research shows average spend on security is a pitifully low, less than one-quarter of one percent of revenue or operating budget. Although sending is low, the risks are high, as much as 14 percent of revenue with a 1-in-20 to 1-in-40 chance (or better) of being struck by cyber-crime or cyber-espionage.

These are some of the key findings found in a new 16-page Saugatuck Strategic Report (SSR) published earlier today entitled “Cyber Risk and Spend on Security: How Do You Compare?” The research summarizes our insight and recommendations regarding: Continue reading

Save the Date! Saugatuck Announces 4th Annual Cloud Business Summit

Saugatuck is pleased to announced the date of our 2014 Cloud Business Summit – a 1-day executive event to be held on November 12, 2014 at The Yale Club of New York City. As with prior Summits, our newest event will bring together the most Cloud-experienced senior business and marketing strategists and technology leaders to explore how enterprises can, and are, realizing the most from the Cloud in all of its forms. This year, our conference theme is “Innovation, Opportunity, Risk and Reward“.

Every day, the Cloud delivers process improvement and cost savings payback to businesses of all sizes – as we shift beyond point solutions to core systems of record, mission critical workloads and new ways of engaging with customers and partners. What is becoming increasingly clear is that the revolution we are in is not just about the innovative and transformative uses of Cloud, mobile, social, advanced analytics and sensor technologies – and how they can be used for business advantage.

Instead, we are in the middle of a fundamental re-examination of what it means to succeed in the emerging digital business era. Businesses are realizing that success demands critical new thinking around sustainable business models and what it takes to develop a “winning” business strategy, what is core to brand value, how and what digitally-centric products and services to create and bring to market, how best to exploit the new forms of customer and partner engagement, and what Continue reading

CIO Panel: The Cloud as Enabler of Business Innovation (CBS2013)

On September 25, 2013, Saugatuck held its 3rd annual Cloud Business Summit at the Westin Times Square in New York City.  As with prior Summits, our event brought together more than 100 large-enterprise CIOs, CTOs and senior business and finance leaders – to explore how they can and are realizing value from the Cloud. This year’s conference theme was “Rethinking Business Innovation.

In this lead CIO panel, Saugatuck’s SVP and Head of Research Bruce Guptill is joined by Yuvi Kochar, CTO at The Washington Post Company, Scott Skellenger, VP and CIO at Raintree Oncology Services and Joe Fuller, CIO at Dominion Enterprises, focusing on the role and impact that Cloud is having on driving business innovation throughout Continue reading

The Cloud and Business Innovation (CBS2013)

On September 25, 2013, Saugatuck held its 3rd annual Cloud Business Summit at the Westin Times Square in New York City.  As with prior Summits, our event brought together more than 100 large-enterprise CIOs, CTOs and senior business and finance leaders – to explore how they can and are realizing value from the Cloud. This year’s conference theme was “Rethinking Business Innovation.

In this opening Keynote presentation, Saugatuck’s founder and CEO Bill McNee kicks off the conference with some opening remarks focusing on some key trends framing business computing today. As the longer-term impact of the Cloud becomes clearer, the role and mission of IT is quickly evolving. Progressive CIOs are realizing that the Cloud is often not only about saving money and internal process improvement, but provides an opportunity for IT to become infused into the product itself, and central to the customer experience – especially with Continue reading

A Year in Review: Looking Back at 2013

What is Happening?

As January 2014 rapidly approaches, Saugatuck analysts have taken a look back at some of the most significant trends of 2013 – with an eye toward those that will have important long-term impacts.  A companion Research Alert will be issued next week, when we identify key emerging trends that we believe will have broad and significant impact on enterprise IT in 2014.

Why is it Happening?

Earlier this December, Saugatuck held a series of Research Meetings that focused on the key trends and events that have and will help shape business computing going forward. This included reviewing myriad research that we published earlier this year, as well as key trends that are influencing the evolution of enterprise IT. We grouped these 2013 trends into the following three overarching themes:

  • Uncertainty and Unlimited Potential
  • Integration and Synergy
  • Organizations and Transformation. Continue reading

Nelson Mandela – Memories of a Moment 15 Years Ago

Nelson Mandela. What a loss. What a truly amazing person, who changed the world. While I never met him, I thought I would share a short personal story in which I bore witness to the improbable but amazing transition that has occurred in South Africa over the past twenty plus years.

mandela

Back in the mid-to-late 1990s, when I worked for Gartner, I regularly traveled the globe. Among these adventures were two business trips to South Africa – both times visiting Cape Town and Johannesburg (and during one of them, a fun side trip to Kruger National Park). On the second of these trips – I think it was in 1998 or 1999 – I was invited to join a planning meeting with senior IT leaders for Transnet, one of the largest companies in South Africa (and owner of the country’s ports, railways, and pipeline infrastructure).

Frankly, it was an honor to participate in that 2-hour meeting, which ended up being the kickoff for the transition of leadership in that huge company’s IT organization. The seating in the boardroom was set up in a Continue reading

Rethinking IT – A Fireside Chat with Microsoft’s Tim O’Brien (CBS2013 Video)

On September 25, 2013, Saugatuck held its 3rd annual Cloud Business Summit at the Westin Times Square in New York City.  As with prior Summits, our event brought together more than 100 large-enterprise CIOs, CTOs and senior business and finance leaders – to explore how they can and are realizing value from the Cloud. This year’s conference theme was “Rethinking Business Innovation.

In this featured Fireside Chat hosted by Saugatuck’s Mike West — Tim O’Brien, General Manager Platform Evangelism at Microsoft explores both the changing role of central IT in the face of the key forces  Continue reading