Today let’s talk about a trendy subject in the IT consulting business today: Innovation Vista LLC. 2020 is the information security year. GDPR, fines for personal info security breaches and so on. Security and personal data its a very important topic for any CEO.
A thing every CEO should know about cybersecurity: According to most cybersecurity surveys, over 60% of all data breaches originate from unauthorized access from one of your current or former employees, or third-party suppliers. Historically, cybersecurity has been an area that is housed solely in the technology department of a company, whether that consists of one or twenty employees. But more and more executives are understanding the importance of being not only knowledgeable but also involved in the conversations and decision-making process when it comes to protecting their data.
Any business should aim to have an IT consultant! One of the greatest concerns when adopting new business technology is data security. IT experts can advise a business on the safest technologies to use. The experts can also help businesses identify loopholes in their current systems that may lead to a security breach. Hiring an IT consultant is the right move whenever a business experiences or suspects a data security breach. Internal IT professionals may be too busy managing daily operations to monitor data operations keenly.
CEOs are in a complex quandary on information security. On the one hand this is a topic requiring deep technical expertise which is (usually) outside the wheelhouse of CEOs, unless they head up a security tech company. On the other hand, it has become abundantly clear that in the court of public perception (and for that matter, the court of law), it is considered a CEO’s personal responsibility to ensure that appropriate protections are in place to protect the information of a company’s customers – particularly consumers. No CEO wants to end up on the front page of the newspaper or sued for negligence over a breach. Discover even more info on Leader support for digital transformation.
Data governors, is the bar so high on required data entry that it’s easier to enter none? Sales is an uncertain business, particularly at the upper edge of the “funnel”. A salesperson may not have a sense of which product(s)/service(s) a customer might be a fit for, or the scale or timetable of a likely transaction early in the process – right at the ideal moment when you’d like it captured in the CRM. Consider the (infinite) flexibility they have on what they track about those early-stage/potential deals in their spreadsheets, and configure accordingly. Consider also the new doors AI capabilities are opening to automatically fill in data gaps, etc. Focus your sales team’s efforts on the things that they alone can provide.
Innovation Vista has a unique approach to selecting consultants for our engagements; we only hire lead consultants with experience as C-level IT leaders or Partner-level consultants who have demonstrated track records of tangible business results impacting Revenue, Market-share, and/or Margin significantly for their employers/clients. Our network includes consultants with experience in all major industries: Communication Services, Consumer Discretionary, Consumer Staples, Energy, Financial Services, Healthcare, Industrials, Information Technology, Materials, Real Estate, Utilities and more. Read even more info on Tech strategy experts.