The New Role of the CIO – Business Transformation Partner

It is becoming increasingly necessary for Industries and Organizations to improve Productivity, Reliability and keep pace with the ever increasing demands. Never before has there been such a pressure on Business-the Production and Engineering departments to keep up to these demands.

Business has no other choice but to identify “issues”, adapt “new technologies”, de-bottleneck and implement Engineering/Process IT Innovation drives wherever practical and possible.

Information Technology is not the business, it is an enabler. By enabling the business, the IT strategy, architecture and projects should be dictated by the larger Organization business strategy, architecture and programs. However, we often see a Disconnect between the IT and Business Strategy.

The IT strategy

The CIO or the Chief Information Officer can play the role of a partner and assist the Business team achieve their objectives.

IT is perceived as not providing value to the organization. Why is this?

Typically the CIO and the IT team’s role have been restricted to Implementation, ‘Support’ & ‘Maintenance‘ of Enterprise needs related to IT hardware and Software.

IT teams have in the past procured specific software and hardware, have got tied down by the lock in periods, typically three to four and have eventually got trapped with the obsolete software down the line.

The advent of the Cloud, Platform as a Service, Infrastructure as a Service & Software as a Service has provided the CIO with new possibilities.

Technology trends and landscapes are much more dynamic now and there is an increasing need for CIO’s to look at getting out of the ‘traditional support‘ mode and get more focused on meeting the ever increasing demands from Business.

The Organization now increasingly looks at the CIO for critical support to the Business teams, without which no Transformations would be possible.

A Proactive CIO is the one that sees the cue and takes the lead in these transformational initiatives that can make a big difference to the way the Organization performs.

Most CIO’s of Organizations report to the CFO, I am not sure if this is the right structure. However a smart CIO can take advantage of this structure and ensure that they have the blessings of the CFO to allocate good Budgets to IT and Process and Engineering IT initiatives.

Having said that in today’s recessionary times, these Budget allocations are not easy. A lot is expected to be achieved with a reduced budget and in least time.

Also several IT initiatives related to Business improvements in the past have not been successful, mainly because the CIO and the IT teams has never been considered as a reliable partner to implement and be responsible for such Initiatives and its Implementation.

How can the CIO and his team become a trusted Business partner and how do they first ensure these Budget allocations? How would they get the Management Support and backing?

-A Business Transformation programme

The first phase would necessitate the hiring of a Business Process Improvement Consultant who would on a fast track, identify issues across the Business units, recommend Areas of Improvement.

{We will not get into details here about the way the programme is to be managed}

The Consultant should ideally be asked to recommend a short list of areas of improvement, those which can provide the Organization with the maximum Impact.

-An Innovation drive

There is no point in diluting the efforts of Innovation by identifying far too many areas for innovation and improvement as mentioned earlier.

This should be Targeted and only those Innovations that can meet the new Business needs and challenges must be taken up.

The following would be KEY to the success of these IT Innovation drives.

-Branding Campaign

A precursor to the Innovation project should be a well designed and branded campaign.

This campaigns only objective is to sell this idea within the Business and to ensure that the entire Business team realizes the value of this programme and the Business Outcomes that it is designed to achieve

-THe Right Technology

Identify a tested and proven Technology. It’s a good idea to make site visits to organizations that have implemented these Technologies successfully and get a good feedback

-The Right Leader & Right team

The leader should ideally be CIO who shares the Business & the Organization’s vision. He should be assisted by a Business Leader. The need for small focused teams comprising Leads from IT and Business is absolutely necessary. The right leader needs to assist and lead the team and justify to the Core team, the need for these innovation drives and the resultant Business Outcomes.

-Right Partner to Implement

Identification of the Right partner to implement is another Key need and ideally the selected product or the technology OE is the right agency to recommend the partner.

-The Right Methodology, Framework

It’s very important to ensure the right methodology which ensures consistent internal stakeholder support. How do we manage this?

The idea is to break up these projects in phases and into small projects rather than go with a Big bang approach.

Create small POC’s, demonstrate small success stories.

The best way to show proof of success of typical process Automation or other IT Innovation drives is to get the ‘Business users’ to see and measure success-the best way is to implement a POC, develop a small self service portal, where they are able to key in specific data and see tangible benefits.

Unless the Business Users ‘do not perceive‘ this as an Experiment and a Risk, the project will not meet its objectives.

If this is achieved, not only the Roll Outs of the project is guaranteed but also in the least time and well within the reduced Budgets.

Lessons Learnt

The CIO must make these success stories visible to his Organization at the right times during the project progress. The objective must be to ensure that the rest of the Organization and key stake holders are confident about the success and supports him and the Business teams.

Change is always resisted; people get complacent and comfortable doing things the old way. It’s important for them to experience the Changes Innovation brings and how it lets them achieve their Objectives better and more efficiently.

Smart CIO’s are the ones that are looking to ’outsource’ routine and Typical Support and gearing up to meet the new Business Challenges.

The role of the new age CIO is to lead from the front and move from typical “Supporting” the Business to ”Contributing” to Business through a string of IT and Engineering/Process IT Innovation drives that transforms the Business.

Forex Education Tips – 5 Steps to Successful Forex Trading

Close to 95% of all Forex traders will lose money. We’re not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That’s a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!Like the TV show says … “How’d they do that, anyway?”That’s the million dollar questions, isn’t it? Countless books, seminars and expos have been hosted to answer this very question. That sad fact is that thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer the magic questions. The reality of the situation is that there is no magic formula; no one single Holy Grail of Forex trading.So what do the successful traders do that the rest of us have simple not comprehended. They have mastered a process of winning where they combine and customize several factor to produce consistent results. They have mastered the Process of Trading.The Process of Trading is:Strategy > Money Management > Self-MasteryHere are some simple Forex Education tips to help you master the process of forex trading:Success Tip #1 – You’ve Got To Have a PlanYou must have a written business plan that will detail all aspects of your trading. When are you going to trade, how much to risk, strategies for entries and exits are just o name a few. To become a consistent (profitable) Forex trader you have to plan your trade sand trade your plan.

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Simplicity rules! Don’t make this plan too complicated. One sheet of paper for you mission statement and another for your trading plan should suffice. Anything more is probably too complicated.Success Tip #2 – Focus on Your Personal PsychologyKnowing yourself will allow you to master the discipline necessary to execute high quality trades with solid money management techniques. Lack of discipline is fatal in Forex trading. Go on a personal journey to identify you attitudes towards risk and money. Get intimate with your strengths and weaknesses as a trader and build in to your trading plan strategies to minimize those weaknesses and maximize your strengths.Different personalities lend to different trading styles. Get familiar with all the different styles and over time you will begin to gravitate towards one particular style. Don’t fight the urge like I did. I insisted I was a day trader, but had only limited results. I found my winning percentages were much higher when I entered swing trades. Guess what’s my bread and butter strategy now!Success Tip #3 – Be Realistic About Your ExpectationsThis is a hard one, I know! I am on the internet every day and the amount of advertising is staggering. Brokers are offering free education (fox in the hen house if you ask me), forums of all different trading styles and points of view. Gurus pushing their system as “the one” that will make you the big bucks. How do you get through all that noise?Let me tell you loud and clear right now – everyone is right and everyone is wrong. You have to make a personal commitment to become a successful trader, find a trading style that works for you and expect a slow and steady approach to wealth building through Forex.What works for me may not work for you. Expect to go through an exploratory period where you are learning and at the same time exploring yourself as a trader. Keep an open mind and don’t pay attention to all the noise out there.Success Tip #4 – Exercise PatienceRome was not built in a day and neither will your trading account. In fact, I tell all of my students that while they are studying to become successful Forex traders they should not look solely at their account balance as an indication of success or failure.By tracking and increasing your percentage of high quality trades you execute is a far better barometer of your progress than your account balance. Cause and effect rule here. Over time when you increase your probabilities through the execution of high quality trades your account balance will respond accordingly.Keep the focus on the process and with time your results will blow your mind.Success Tip #5 – Money Management Is Top PriorityI would rather have a shaky strategy and excellent money management techniques than the other way around. This topic warrants its own blog post to do it justice. Limited your exposure (read “risk”) allows for you to stay in the game and allow the laws of probability to work.

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Let’s take a casino for example. They need gamblers to frequent their slot machines to make money. Why? They have a game that has a greater than 50% chance of making money for the house. The more people that play the slots, the greater the casino’s profits.The casino controls risk by payout tables (always favoring the house!) and increases their probabilities by keeping gamblers at the slot machines (read “free drinks”). As a trader you must limit your risk by committing only 1% – 3% of available capital to a single trade. When you execute enough trades with a high probability strategy you too can clean up like the casinos – but only by staying in the game long term.In conclusion, Forex trading is not easy. It’s hard work and will test the limits of your patience and perseverance. If anyone tells you otherwise .., buyers beware! It can be a very rewarding and profitable venture if done correctly. In the end it is a profession that requires a learning curve and practical experience, no different than an airline pilot or engineer. Understanding how to approach and learn this game will allow you to reap all the benefits advertised. It is your Forex Education that you will master the Process of Forex Trading.

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!