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Managing Director at Trident Capital focusing on investments in Internet and software businesses. Prior to entering venture capital, Evangelos had more than 20 years experience in high-technology industries, in executive roles spanning operations, marketing, sales and engineering. Evangelos earned a PhD in computer science from Brandeis University and a BS in electrical engineering from Caltech.

3 responses to “CIOs: Focus on Mobility, Cloud Computing, Security and Innovation”

  1. Lance Mercereau

    Hi Evangelos,

    I think it’s a great piece. The one area that we should all look closer is the role of apps and the importance of the app store to deliver data to business users. The question I have is how much time and effort should IT spend in 2011 on developing apps as opposed to addressing data quality issues. A recent Economist Intelligence Unit survey revealed that 40% of respondents believe their employees often make poor decisions because of inadequate data.

    Obviously, data governance is an enterprise-wide responsibility but the feedback we have from our customers, many of them CIOs, IT departments are best positioned to manage the data while the business owns its quality (with this enriched data re-integrated into the enterprise by IT). Apps are a means to an end, developed for business users to access data and make better, timely decisions.

    I believe enterprise app stores are the easy bit of the data equation while data quality and data integration continues to be top concerns for CIOs, which you point out; Cloud-based services also allow IT departments to focus more on managing information rather than fiddling with technology.

    Spend analysis is a good example. Available at a cost that is far cheaper than attempting to develop a system in-house, cloud-based spend data management services provide a business with rapid access to a high quality integrated repository of cleansed, categorized and enriched spend data collected from a wide range of internal and external data sources.

    IT managers need to keep demonstrating how IT can help drive the business forward and underpin survival and growth, even in a tough economic climate. Cloud-based spend analytics is a quick and easy win with a potentially huge return on investment.

    Kind regards,

    Lance

    Lance Mercereau
    Rosslyn Analytics
    Marketing Director
    Lm (at) rosslynanalytics.com

  2. Evangelos

    Lance, thank you for your comment. During our meeting we heard that data quality and integration remain ongoing issues being addressed by the CIOs. App stores and app distribution models are new areas being thrust upon them because of the rapid adoption of new mobile devices by corporate employees.

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