Do more, with fewer resources and do it faster.
Almost every CIO I talk with tells me that they face these challenges. They also tell me that dealing with the ever changing compliance requirements adds another layer of difficulty to their jobs. So, what exactly does an IT executive do to tackle these issues to win CIO of the year?
To find out, let’s take a look at the 2013 Denver Business Journal CIO of the year award winner William A. Weeks, CIO SquareTwo Financial. InsideArm published an article about Weeks’ award on July 2, 2013. What did he do so well?
“Bill completely repositioned our IT department as a business differentiator, and increased our technology capabilities so we can lead our industry in data reliability, availability, analysis, decisioning, security and regulatory compliance,” said Paul A. Larkins, president and CEO of SquareTwo Financial.
Selected for the midmarket category of companies with $50 million to $500 million in annual revenue, Weeks stood out for:
- Transforming an IT department and plugging IT into the business
- Re-engineering and stabilizing legacy systems
- Reducing costs
- Delivering numerous automation benefits
- Raising the industry bar on data security and collection industry regulatory compliance
Specifically, what Weeks did to accomplish these goals was to improve data quality, increase data and application integration, while improving security and compliance requirements. And at the top of the list is that he “plugged IT into the business”. He aligned the IT group with the business and improved the quality and access of the data assets that the business needs in order to perform more efficiently. That, I believe, is the secret recipe for an award winning CIO.