Vinod Sivarama Krishnan – CIO Global, Jubilant Life Sciences Limited, India.
Jubilant is a global leader in Pharmaceuticals – specifically Contract Manufacturing and Contract Research, Generics & Specialties. The group also has a significant presence in Food Service, Oil & Gas Exploration and Prospecting and Retail.
Vinod is a Business Technology Leader with over 18 years of global experience in delivering business solutions and creating and leading IT organizations across several business domains.
The Center for CIO Leadership has requested CIO members and other industry experts to answer three questions regarding predictions for the CIO in 2012. Here are my answers to these three questions.
What are your top 3 CIO priorities for 2012?
- Data to Information using Analytics – In the highly dynamic world we live in with increasingly short business cycles, my businesses need to understand where they stand in near real time and to be able to determine the impact of changes in the environment to their business model and performance and make better decisions based on this information. While we are able to collect more data, we’re certainly not able to process it into useable information quickly enough for businesses to actually use in their day-to-day operations. I expect just the process of working on this initiative to lead to more internal visibility of the key drivers and that the very process of measurement will drive improvement.
- Flexibility of Infrastructure and Applications – Better analytics will lead to more frequent changes of direction, both strategic and tactical, leading to a need for more flexible infrastructure and applications. This will challenge me and my team to rebuild (or in some cases, build) our platforms in a more granular, more flexible way to allow for these changes and respond to them as quickly as possible. Already the inability to scale (or reorient) our systems emerges as a big constraint in business flexibility, and that concern will have to be taken off the table as quickly as possible.
- Finding and Retaining IT Management Talent – Frequent changes in direction and scale will require IT leaders with a different set of skill sets – more flexibility, more platform or tool agnosticism with the ability to view business requirements and processes as services to be provided using standard sets of tools. Significant empowerment of business users (by design) to reconfigure their processes within broad controllership lines will be essential, requiring IT to step out of the business of managing simpler aspects of process redesign. This will require a very different mindset, and the challenge will be to find (or build) and retain the right people.
How will 2012 be different from 2011 for you as a CIO?
For me, 2012 will be a year of
- Broadening (more geographies, more P&Ls) and deepening (more functionality, more interconnectedness) of the standard platforms put in place for the group. I will also need to create appropriate cost-effective support mechanisms for the standard platforms. My team and I will need to succeed in our ongoing implementations, create a track record of successful delivery and ensure that we build momentum for these platforms by measuring and highlighting business impact and benefits achieved. In contrast, 2011 was more about building the base of the standard platforms, creating several quick proofs-of-concept to understand the technology and illustrate benefits and investing in building expertise on these platforms.
- Increasing uncertainly from the business. I expect more starts and stops as the business responds to market and economic challenges, or moves to address opportunities being created. This will mean an increasing need to find or create flexible business systems. The cost of this flexibility and its impact on the current and future bottom line will need to be quantified and reviewed on a continuous basis. Business units which understand the value of this flexibility and are willing to fund it will reap significant advantages over 2012 itself, and certainly over the next three years, and it will be my job to help them understand this value.
- Increasing demands on IT. As we move from the more basic deliverables to more evolved needs, demands and expectations will grow. Increasing consumerization of IT and greater understanding of IT in the executive suite will lead to increased pressure to deliver. Now that most CEOs and Directors come from a generation that has grown up with a good understanding of IT, it is significantly harder to expect key technology decisions to be made from within IT or expectations to be set solely by IT. Expected lead times to new functionality (in line with shorter business cycles) will now be significantly shorter, and my teams can expect to work on several smaller projects with defined benefits simultaneously as opposed to larger projects with longer payback periods.
What organizational or industry shifts are you expecting in 2012?
- As a diversified conglomerate present in many high-growth verticals, I expect several new opportunities and threats, possibly simultaneous, to come out of the current economic conditions. I expect that responses will range from hunkering down to growing aggressively, making common strategies across the group difficult to come by and requiring more nuance to allow for specific market and economic differences globally and across industries. As growth slows in some segments, I expect some consolidation of processes and adaptation to last year’s growth.
- I expect a shift to basics and more focus on controllership and compliance to minimize the probability of incidents due to rapid change of systems and processes. Specifically there will be a focus on ensuring quality of process, product and service irrespective of internal changes within the organization (which will be mostly focused on efficiency and cost).
- Rapid increase in customer mobility and the availability of connectedness will call for large-scale redesign of business models, processes and systems to enable shorter reaction times and quicker responses to market and economic conditions. Mobility will fundamentally alter business models in several parts of our business and render some historical advantages redundant – and hopefully create some new advantages for first movers!
