Dashboard

Financial News

IT leaders burnish their reps in big business moments
cio_in42d ago

IT leaders burnish their reps in big business moments

“There’s never been a better time to be a CIO.”IT leaders who’ve embraced this saying also understand that their role has never been more challenging.Technology has become so interwoven in businesses that CEOs expect more than an IT pro who keeps core applications refreshed and PCs updated. They need strategic partners who can harness tech as a growth engine.No wonder that 65% of CIOs now report to CEOs — up from 41% a decade ago, according to Deloitte research. “Technology is the strategic issue of our time,” Anjali Shaikh, program leader for Deloitte’s Global CIO Program, tells CIO.com. “It’s embedded and intertwined in the business strategy.”This shift, although years in the making, accelerated during the COVID-19 pandemic as CIOs rushed to support increasingly remote businesses. The rapid rate of change accelerated in 2023 as the center of tech gravity shifted toward AI.With such power comes increased responsibilities. Eighty percent of CIOs Deloitte surveyed said their roles have significantly expanded to meet business objectives.While these duties take many forms and functions, they share a through line: helping IT leaders burnish their credibility. Every IT leader has a unique journey — and a personal story — about how they navigated their careers and elevated their profiles in the eyes of their bosses.That time a cybersecurity assessment lead to a new gigIn 2019, ALM hired Jimi Li to conduct a company-wide assessment of a cybersecurity incident. Although Li had little experience managing cybersecurity issues, he proved so adept at mitigating the fallout that the data services firm hired him as its permanent CTO.Li ran with it, taking on product management where he helped unify siloed functions such as sales, marketing, and engineering. These experiences helped Li evolve from primarily an executioner to a strategist.It also fortified Li for ALM’s adoption of generative AI, which eventually helped drive revenue and EBITDA growth in the company’s run up to its merger with Law Business Research.“My role is to be that lighthouse and to tell everyone how to focus their efforts so that we can move the needle and rally toward that goal,” Li says, adding that AI implementation and adoption became a “team sport“ for ALM.Tech decisions — especially those involving the implementation and management of AI — are enterprise-wide decisions now, requiring multiple stakeholders to realize the vision.Whether organizations succeed with AI or something else, Li says it’s important to give others’ credit, which helps IT leaders build relationships with their peers. “If they’re successful, give them the credit even if your team did the work,” Li says.The road to the C-suite is paved with multiple rolesSankara Viswanathan, CIO of 125-year-old construction and engineering concern Day & Zimmermann, credits emotional intelligence more than technical chops with helping him rise to his current role in 2014 after joining the company as an IT manager in 2004.Viswanathan says that while technical skills are table stakes, he learned how to assuage the concerns of disgruntled employees who joined the company from several acquisitions. He gained credibility by recommending new colleagues for key IT positions.“I realized it’s not tech that’s going to take me to the next level — it’s about empathy,” Viswanathan says. “It’s about people skills and how to influence others.”Eventually, CEO Harold Yoh III tapped Viswanathan to streamline the firm’s shared services organization, which had grown top heavy over the years. This is where Viswanathan learned how to cut costs and manage financial operations.“That made me a hero for our [shared services] business unit,” Viswanathan says. “You need to earn peoples’ trust by doing what you say you will do.”This lends more credence to Deloitte’s research that today’s CIOs must be super collaborators who are equally comfortable working with C-suite peers as they are business line leaders — something that Shaikh said is becoming more essential.“CIOs who are going to succeed are going to orchestrate and coordinate across various tech exec roles, partnering with the CISO, CTO, and business peers,” Deloitte’s Shaikh says.M&A, divestitures, and spinoffs? Check, check, and checkFor Jason “JJ” James, CIO of retail tech firm Aptos Retail, the path to raising his profile took several forms with emphases on securing operational efficiencies while growing revenue.While working as an IT director at Servigistics earlier in his career, James helped facilitate several acquisitions.“That’s where I cut my teeth, that helped me grow my career, and that’s helped me understand the deal,” James tells CIO.com. For example, the “what and why” behind the purchase, as well as whether it helped the company gain market share or a competitive advantage.James leveraged these experiences for mergers and acquisitions, divestitures, and carve-outs at multiple stops during his career, learning how to scale businesses and manage larger P&Ls.Ultimately, what it comes down to is the CIO’s tried and tested playbook: managing people, process, and technology. This encompasses everything from retaining talent that keeps operations running to improving processes and transforming the business with technology.“Now I have a definitive playbook on what to do,” James says. And presumably, what not to do.Please — don’t call it a stretch roleIf the anecdotes about how CIOs pursue, accept, or even fall into new roles sound familiar, it’s because they were previously known as “stretch assignments.”Such roles have become a core part of the IT leader role — so much so that they’re less stretch assignments as much as they are opportunities to pad their credibility, Deloitte’s Shaikh says.“None of these leaders earn more credibility by doing more IT,” Shaikh notes. “They earn credibility by stepping into moments when the enterprise needs them to show more judgment or breadth and curiosity beyond their formal remit.”Such moments are also opportunities for CIOs to show their CEOs that they can excel in more strategic areas that matter to the business.That bodes well for IT leaders looking to occupy the corner office one day. Sixty-seven percent of CIOs Deloitte surveyed aspire to be CEOs.

#TECH
XRP Rally Incoming? Analyst Forecasts March-April Recovery If This Level Breaks
newsbtc42d ago

XRP Rally Incoming? Analyst Forecasts March-April Recovery If This Level Breaks

During the Wednesday market recovery, XRP surged 7.9% to hit a one-week high of $1.47. The cryptocurrency has been hovering between $1.35-$1.50 over the past three weeks but has failed to break above the local range’s upper boundary. As the price nears this resistance once again, an analyst has suggested that a short-term rally toward another critical level could be brewing, potentially setting the stage for the altcoin to decide its next market direction by the end of Q2. Related Reading: The ‘Next-Generation Trading Chain’: BNB Chain Eyes 2026 Optimization Following Strong Ecosystem Momentum XRP To See March Breakout On Wednesday, analyst ChartNerd called for a short-term 20%-30% XRP rally in the next month or two, affirming that “relief is overdue” after six months of continuous downside pressure. In a video analysis, the market observer affirmed that the cryptocurrency is attempting to build a base within its local range to retest a crucial resistance level after losing the $1.80-$2.00 area as support in January. As he explained, XRP is attempting to form an ascending triangle or double bottom pattern in the daily timeframe, with the formation’s neckline sitting around the $1.50 mark. Based on this, if the altcoin “coils up inside this triangle and eventually gets a breakout heading into March, this is where the potential lies of rallying back up to $1.80” to retest this previous area of support as resistance. Meanwhile, if the cryptocurrency is forming a double bottom pattern, the analyst noted that “even a retrace to the $1.20 level would still mark a higher low before a short-term bullish reversal.” In both cases, breaking out of the $1.50 resistance would validate a move toward the $1.80-$2.00 area, which he considers “a critical inflection point” as XRP held it as support for 400 days. It would be a critical inflection point. I mean, potentially, we could respect some sort of ascending channel here as well, leading into March, which is what may guide us up to that $1.80 resistance. (...) If XRP does sort of respect these trend lines, it’s resistance. We’re back at support. Is A Critical Retest Ahead? Despite the bullish outlook, ChartNerd warned that XRP still risks a correction of up to 50%. Per the analyst, the $1.80 retest will determine whether this area has turned into resistance and the price will continue to go lower, or if it will be reclaimed and push to higher levels. “If the rally into $1.80/$2 unfolds in March/April, that will be the telltale sign of whether $0.70 is on the cards or not. Breaking cleanly above $2 signals strength and invalidation of that potential. Rejecting it as resistance would then cause a potential $0.70 drop,” he added on X. A reclaim of this key area as support could open the doors for a retest of the golden $2.40-$2.70 range, not visited since the Q4 2025 crash. It could also signal that the corrective period may be over. Related Reading: Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level However, he recently cautioned that losing the 200-week Exponential Moving Average (EMA) in the weekly timeframe and confirming it as resistance has historically signaled a major drop toward the $0.70 area. In previous cycles, XRP entered a deep corrective move when it failed to hold this level, crashing around 50% to its bear market bottom. Therefore, he emphasized that the cryptocurrency needs a convincing reclaim of its crucial area to invalidate this potential outcome. As of this writing, XRP is trading at $1.46, a 2.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

#TECH
GBP Forecast: How Political Winds and BoE Policy Shape the Pound’s Critical Path
bitcoinworld42d ago

GBP Forecast: How Political Winds and BoE Policy Shape the Pound’s Critical Path

BitcoinWorldGBP Forecast: How Political Winds and BoE Policy Shape the Pound’s Critical PathLONDON, April 2025 – The British Pound Sterling (GBP) navigates a complex financial landscape, where domestic political developments and the Bank of England’s (BoE) monetary policy stance serve as its primary guides. According to a recent analysis from Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions, these two forces create a [...]This post GBP Forecast: How Political Winds and BoE Policy Shape the Pound’s Critical Path first appeared on BitcoinWorld.

#ECONOMY#FOREX