As part of the Domestic Council’s Charter to enhance engagement with the CIO Community – the prime drivers of IT adoption in any organisation, the 2nd NASSCOM CIO Connect event was held in Ahmedabad on 6th April 2018 where CIOs from Chemical, Pharma and Banking industry provided key insights and thought leadership on the way ahead for IT in their respective segments.
The key takeaways from the discussion included:
Urgent need for a robust IT Partner Ecosystem
Transformation from custom build to Global solutions
Challenges in Talent Acquisition/retention and Product hunting
Growing disconnect between IT industry and solutions being offered- Ensuring plugins with industry specific solutions
Ensuring continuity of technology and enmeshing of existing technologies in an operational business
Developing an industry-side fact list, and a need for an executive summary showcasing the best in class technology
Challenges around going Digital
Complicated & Challenges complying with different regulators
Identifying best practices in Fraud Risk Management & formulation of Asset Management Guidelines
The event was very well received by the western region council members that were also present during the meeting. This was a great opportunity for our members to understand the User Community issues and accordingly develop strategies to avail the given opportunities.
Domestic council will strategize on the suggestions/recommendations made by CIOs and ensure concrete steps are taken to address the concerns.