In any public sector organisation, chief information officers (CIOs) are appointed with significant expectation. They come under pressure to effect wide transformation, but this is nearly impossible when government operational models are typically inflexible.
“Any newly appointed CIO needs to quickly demonstrate high effectiveness and influence,” says Neville Cannon, research director at Gartner. “To succeed they must resist and manage transformation hype before they can effect successful change.”
Aside from the high-tech and leading corporates, adoption of digital technologies in the manufacturing sector remains subdued, a consequence perhaps of not seeing widespread evidence of the tangible benefits. Achieving expected returns on investment from advanced analytics and AI is less a question of technology and more a business challenge.
Success stories among early adopters are well publicised and demonstrate the advantages to be gained when the power of data from multiple sources is harnessed through expert hands and into business execution.
Investing in real estate portfolios, private equity firms and other non-public corporate enterprises has typically been the exclusive domain of asset and wealth managers whose clients have £100,000 or more to put in. But the security of blockchain technology and the reliability of distributed ledgers mean investments can easily be broken into smaller chunks, offering opportunities to everyone. Anyone with as little as £200 can now invest in assets that were beyond reach.
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